JPMORGAN SHUFFLES EUROPEAN OIL STOCK RATINGS

JPMorgan changed its ratings for two European oil companies.

BP’s rating was upgraded to "Neutral," and OMV’s rating was downgraded to "Underweight."

The change is due to shifts in European gas supply and the possible end of the Russia-Ukraine war.

BP’s connection to Rosneft helps balance financial risks.

OMV’s recent rise in value was influenced by hedging in petrochemicals.

Investors now expect Russian gas to return to Europe, but challenges remain.

There are legal, logistical, and business obstacles to increasing gas supply soon.

JPMorgan warns that a quick return of Russian gas is unlikely.