Poland’s Orlen Cancels A Qatari LNG Contract
Published . Updated .
Key takeaways
- The Polish company cites QatarEnergy’s continuing force majeure, as Iran’s attacks on Ras Laffan and tanker traffic through Hormuz keep deliveries disrupted
- Exposed: UNG, XLE, USO, BWET, EPOL
- Market reaction: XLE +1.6% on the day (still updating); UNG +1.1% on the day (still updating); BWET +4.9% on the day (still updating)
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
The Polish company cites QatarEnergy’s continuing force majeure, as Iran’s attacks on Ras Laffan and tanker traffic through Hormuz keep deliveries disrupted
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-13.5% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- EPOL iShares MSCI Poland ETF
iShares MSCI Poland ETF holds stocks listed in Poland, which this story is about (“poland”).
- QAT iShares MSCI Qatar ETF
iShares MSCI Qatar ETF holds stocks listed in Qatar, which this story is about (“qatari”).
- LNG Cheniere Energy+9.1% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- EQT Eqt-0.9% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNG | -10.81% | -10.24% | base | +1.15% | after close | after close | after close |
| XLE | +2.11% | -0.95% | base | +1.57% | after close | after close | after close |
| USO | +2.78% | +4.95% | base | +2.37% | after close | after close | after close |
| BWET | +35.67% | +29.19% | base | +4.90% | after close | after close | after close |
| EPOL | +0.69% | -2.17% | base | -0.77% | after close | after close | after close |
| QAT | -2.38% | -1.87% | base | +0.00% | after close | after close | after close |
| LNG | -0.51% | -5.27% | base | +2.39% | after close | after close | after close |
| EQT | +0.99% | -5.04% | base | +1.73% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Poland’s Orlen Cancels A Qatari LNG Contract Kurdistan24
Source: Kurdistan24
What happened to United States Natural Gas Fund (UNG) the last 16 times Strait of Hormuz was in the news
In the last 16 similar stories, United States Natural Gas Fund (UNG) moved an average of +1.54% the next day. The best was +1.54% and the worst was +1.54%, from 1 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Natural Gas Fund (UNG) | the next day | +1.54% | +1.54% | +1.54% | 1 |
| United States Natural Gas Fund (UNG) | three days later | +10.86% | +10.86% | +10.86% | 1 |
| Select Sector Spdr Tr (XLE) | the next day | -5.69% | -5.58% | -6.96% | 13 |
| Select Sector Spdr Tr (XLE) | three days later | -8.26% | -7.07% | -8.36% | 13 |
| United States Oil Fund (USO) | the next day | -7.15% | -6.32% | -7.20% | 16 |
| United States Oil Fund (USO) | three days later | -5.17% | -4.86% | -9.82% | 16 |
| Amplify Commodity Trust (BWET) | the next day | -22.09% | -19.70% | -22.25% | 16 |
| Amplify Commodity Trust (BWET) | three days later | -30.61% | -30.61% | -30.61% | 1 |
- Aramco expanding East-West Pipeline that avoids Hormuz
- UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions
- Hormuz crisis drives shipping costs to more than 30% of barrel value, ADNOC chief executive says
- Aramco Targets Hormuz Bypass with East-West Pipeline Expansion
- Watch US Hits Iran’s Qeshm Island as Hormuz Talks Keep Oil Markets on Edge
- Strait of Hormuz Disruptions: Soaring fuel prices and the burden of inflation
How far United States Natural Gas Fund (UNG) has moved since 11 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | +4.90% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +29.19% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +35.67% | final price |
| Ishares Tr (EPOL) | that day | -0.77% | still updating |
| Ishares Tr (EPOL) | three days earlier | -2.17% | final price |
| Ishares Tr (EPOL) | five days earlier | +0.69% | final price |
| Eqt (EQT) | that day | +1.73% | still updating |
| Eqt (EQT) | three days earlier | -5.04% | final price |
| Eqt (EQT) | five days earlier | +0.99% | final price |
| Cheniere Energy (LNG) | that day | +2.39% | still updating |
| Cheniere Energy (LNG) | three days earlier | -5.27% | final price |
| Cheniere Energy (LNG) | five days earlier | -0.51% | final price |
| Ishares Tr (QAT) | that day | 0.00% | still updating |
| Ishares Tr (QAT) | three days earlier | -1.87% | final price |
| Ishares Tr (QAT) | five days earlier | -2.38% | final price |
| United States Natural Gas Fund (UNG) | that day | +1.15% | still updating |
| United States Natural Gas Fund (UNG) | three days earlier | -10.24% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -10.81% | final price |
| United States Oil Fund (USO) | that day | +2.37% | still updating |
| United States Oil Fund (USO) | three days earlier | +4.95% | final price |
| United States Oil Fund (USO) | five days earlier | +2.78% | final price |
| Select Sector Spdr Tr (XLE) | that day | +1.57% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.11% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 76 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Eqt (EQT), worth $1,001 - $15,000 on 17 Aug 2026. That is 86 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 89 days before publication. Filed 14 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
The Strait of Hormuz count beside this story
Geopolitics Alpha has 212 stories about Strait of Hormuz from the past 7 days and 695 stories from the past 30. That is about its usual pace over the past month. “Poland’s Orlen Cancels A Qatari LNG Contract” is tagged to Strait of Hormuz.
Who gains and who pays if Strait of Hormuz stays in the story
Companies mentioned with this story
- UNG United States Natural Gas Fund
For “Poland’s Orlen Cancels A Qatari LNG Contract,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- XLE Select Sector Spdr Tr
In “Poland’s Orlen Cancels A Qatari LNG Contract,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- USO United States Oil Fund
In “Poland’s Orlen Cancels A Qatari LNG Contract,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Poland’s Orlen Cancels A Qatari LNG Contract.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story
- EPOL Ishares Tr
For “Poland’s Orlen Cancels A Qatari LNG Contract,” Ishares Tr (EPOL) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Poland ETF holds stocks listed in Poland, which this story is about (“poland”)
- QAT Ishares Tr
For “Poland’s Orlen Cancels A Qatari LNG Contract,” Ishares Tr (QAT) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Qatar ETF holds stocks listed in Qatar, which this story is about (“qatari”)
- LNG Cheniere Energy
In “Poland’s Orlen Cancels A Qatari LNG Contract,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
- EQT Eqt
In “Poland’s Orlen Cancels A Qatari LNG Contract,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
United States Natural Gas Fund (UNG) and the energy link
“Poland’s Orlen Cancels A Qatari LNG Contract” (11 Nov 2026) reaches United States Natural Gas Fund (UNG) through Strait of Hormuz.
For United States Natural Gas Fund (UNG), the reason on file says United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
The price range for United States Natural Gas Fund (UNG), and the dates in the story
UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.34. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
A simple score for United States Natural Gas Fund (UNG)
46 out of 100Price not final
“Poland’s Orlen Cancels A Qatari LNG Contract” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.