Texas freeze

Mexico’s state utility Comisión Federal de Electricidad (CFE) is set to enter international arbitration over a payment dispute with Goldman Sachs Group Inc.  “We are in an international arbitrage process,” a CFE spokesperson told NGI’s Mexico GPI. “CFE thinks it has solid and sufficient arguments to gain a favorable ruling.” A CFE trading subsidiary reportedly…

The impacts of a Winter Storm Uri, which wreaked havoc on the Texas energy system in mid-February, are lingering nearly two months later as downstream facilities await freeze-related repairs. “From a natural disaster perspective, the impact on the petrochemical space from Uri is much greater than any previous event that we’ve had in recent memory,”…