APA down on weaker oil prices, Q1 output curtailment

Shares of oil and gas firm APA APA.O fall 3.2% to $13.58 premarket

Co curtails ~8 mln cubic feet per day (MMcf/d) of U.S. natural gas production, 500 barrels per day of U.S. natural gas liquids in Q1 in response to weak prices

APA curtailed natgas output in four preceding qtrs. but had not contemplated any Q1 curtailments in its forecast shared in February

Energy firms were also being pressured by falling oil prices as China announced additional tariffs on U.S. goods, retaliating against President Donald Trump's reciprocal tariffs which came into effect on Wednesday

As of last close, shares were down 39.24% YTD