Natural catastrophes

1.6, tropical storm Arthur

Mexico: two of Mexico’s three main crude oil ports were closed to shipping because of rough seas due to the proximity of tropical depression Arthur. Dos Bocas and Cayo Arcas ports were shut for shipping while a third major crude terminal Coatzacoalcos remained open, the Mexican transport ministry said in a statement. Together the three ports ship about 80% of Mexico’s crude exports, the bulk of which goes to US refineries. The smaller Pacific Coast port of Salina Cruz, which ships crude to Asia, remained open too, the government said. State oil monopoly Pemex said its export volumes are rarely hurt by temporary port closures, as it reschedules delayed shipments once the weather clears.