Geopolitics Alpha

Poland’s Orlen Cancels Qatar LNG Supply Deal After Months of Force Majeure

Published . Updated .

Key takeaways

  • 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.

ENERGYPoland’s Orlen Cancels Qatar LNGSupply Deal After Months of ForceMajeureGEOPOLITICS ALPHA

This report is about natural gas and oil.

Directly affected

  • No company is named in this report.

Indirectly affected

  • UNG United States Natural Gas Fund

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.

  • XLE Energy Select Sector SPDR

    Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.

  • USO United States Oil Fund

    United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story.

  • BWET Breakwave Tanker Shipping ETF

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (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 (“qatar”).

  • LNG Cheniere Energy

    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

    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

TickerT-5T-3T-1T0T+1T+2T+3
UNG-10.81%-10.24%base+1.15%after closeafter closeafter close
XLE+2.11%-0.95%base+1.57%after closeafter closeafter close
USO+2.78%+4.95%base+2.37%after closeafter closeafter close
BWET+35.67%+29.19%base+4.90%after closeafter closeafter close
EPOL+0.69%-2.17%base-0.77%after closeafter closeafter close
QAT-2.38%-1.87%base+0.00%after closeafter closeafter close
LNG-0.51%-5.27%base+2.39%after closeafter closeafter close
EQT+0.99%-5.04%base+1.73%after closeafter closeafter 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 Qatar LNG Supply Deal After Months of Force Majeure WSJ

Source: The Wall Street Journal

The price since 11 Nov 2026: United States Natural Gas Fund (UNG) versus the S&P 500

CompanyWhenMoveStatus
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 day0.00%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

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).

Companies in energy around United States Natural Gas Fund (UNG)

Companies mentioned with this story

  • UNG United States Natural Gas Fund

    In “Poland’s Orlen Cancels Qatar LNG Supply Deal After Months of Force Majeure,” 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 Qatar LNG Supply Deal After Months of Force Majeure,” 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 Qatar LNG Supply Deal After Months of Force Majeure,” 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

    For “Poland’s Orlen Cancels Qatar LNG Supply Deal After Months of Force Majeure,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story

  • EPOL Ishares Tr

    In “Poland’s Orlen Cancels Qatar LNG Supply Deal After Months of Force Majeure,” 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

    Ishares Tr (QAT) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Poland’s Orlen Cancels Qatar LNG Supply Deal After Months of Force Majeure.” Reason on file: iShares MSCI Qatar ETF holds stocks listed in Qatar, which this story is about (“qatar”)

  • LNG Cheniere Energy

    For “Poland’s Orlen Cancels Qatar LNG Supply Deal After Months of Force Majeure,” 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

    For “Poland’s Orlen Cancels Qatar LNG Supply Deal After Months of Force Majeure,” 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

How energy news reaches United States Natural Gas Fund (UNG)

United States Natural Gas Fund (UNG) is the company in “Poland’s Orlen Cancels Qatar LNG Supply Deal After Months of Force Majeure,” the 11 Nov 2026 Energy story.

What ties United States Natural Gas Fund (UNG) to the headline is this: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story

A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: 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.

What the saved facts support for United States Natural Gas Fund (UNG)

46 out of 100Price not final

“Poland’s Orlen Cancels Qatar LNG Supply Deal After Months of Force Majeure” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.