According to sources, BP will sell its 20% stake in Venezuela’s Cocuina gas field to Trinidad and Tobago’s National Gas Company. 70% of the natural gas will be used for liquefied natural gas production, while the remainder will be used for petrochemical products. The final investment decision may be made before the end of the year.

Spot platinum has just broken through the $1,740.00/oz level, now trading at $1,739.84/oz, down 0.29% on the day; Nymex platinum futures main contract is currently at $1,750.1/oz, down 0.54% on the day.

Sources report that BP will sell its 20% stake in the Cocuina gas field in Venezuela to the Trinidad and Tobago National Gas Company. Seventy percent of the natural gas will be used for LNG production, with the remainder allocated to petrochemical products. The final investment decision may be made before the end of the year.

Barclays maintains its Brent oil price forecasts for 2026 and 2027 at $96 per barrel and $85 per barrel, respectively.

GBP/JPY just hit the 215.00 level, now quoted at 215.00, up 1.01% on the day.