Total gets go-ahead for $4B China petrochemical project, Reuters says Total (TOT) has obtained approval from China to develop a $4B plant that would turn Chinese coal into gas, according to Reuters. The gas would then be turned into particles used to make plastics, the news service added. Reference Link
BP upgraded to Neutral on reduced Russia risk at JPMorgan JPMorgan upgraded BP (BP) to Neutral citing less risk in Russia and a pathway to cash flow neutrality in 2017. JPMorgan this morning also upgraded Total (TOT) to Overweight and Eni SpA (E) to Neutral.