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Stock impact report

NuStar says PDVSA to resume use of St. Eustatius oil terminal after deal [Seeking Alpha]

Nustar Energy L.P. Common Units (NS) 
Last nustar energy l.p. common units earnings: 2/5 06:45 am Check Earnings Report
Company Research Source: Seeking Alpha
NuStar Energy (NYSE: NS ) says it reached agreement with Venezuela’s PDVSA over payment of outstanding storage fees at the Statia terminal on St. Eustatius island in the Caribbean Sea. NS says the deal allows PDVSA to resume use of the terminal, which had been suspended several times since 2017 over missed payments, and reduces the storage available to PDVSA at the facility while securing fees for about a year’s worth of storage. PDVSA earlier today also announced a deal with ConocoPhillips for the payment of ~$2B awarded by an arbitration tribunal convened under the rules of the International Chamber of Commerce. Click to subscribe to real-time analytics on NS Now read: NuStar: Strong Growth Potential, But High Debt » Subscribe for full text news in your inbox Show less Read more
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