An OPEC agreement that raises energy prices could benefit Egypt by improving “the moribund traffic in its Suez Canal and provide badly needed foreign currency,” Tamsin Carlisle writes for Platts blog The Barrel. The Canal tolls were “high compared to the extra cost of bunker fuel needed for longer voyages around the [Cape of Good Hope] as the price of the heavy marine fuel has fallen by about two-thirds since mid-2014.” Carlisle says “when OPEC announced its plan to cut oil output, oil prices rose, and more importantly bunker fuel prices delivered to the Suez Canal have hit a high not seen in more than a year, Egypt’s Sisi administration and must have breathed a collective sigh of relief.”