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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 12:25 EDT
Morgan Stanley analyst Martijn Rats lowered the firm's price target on BP to 520 GBp from 540 GBp and keeps an Overweight rating on the shares. In a European Oil & Gas sector note, Rats noted that energy commodities are approaching the lows of 2016, and remain under pressure due to the outbreak of the coronavirus. Rats sees potential for a bounce, but not for a period of sustained outperformance.
News For BP From the Last 2 Days
Jun 4, 2020 | 14:00 EDT
Royal Dutch Shell (RDS.A) and Murphy Oil (MUR) have started to evacuate non-essential employees from the U.S. Gulf of Mexico due to the threat of Tropical Storm Cristobal, Reuters' Erwin Seba reports, citing the companies. Shell said production and drilling operations in the northern Gulf were not impacted despite the evacuations and the move comes after BP (BP), Equinor (EQNR) and Occidental Petroleum (OXY) began evacuating non-essential workers. Reference Link