Fg pegs crude oil bench mark at 30 cuts capital budget by 20

It seems like you're providing some financial data related to crude oil and budgeting. Here's a breakdown of what you've shared:

• "fg pegs crude oil benchmark at 30": This suggests that the company "fg" has set a benchmark price for crude oil at $30 per barrel.
• "cuts capital budget by 20": This implies that the company has reduced its capital budget by 20% due to the lower crude oil price benchmark.

In other words, the company has adjusted its budget for capital expenditures (e.g., investments in new projects, equipment, or infrastructure) by 20% because the price of crude oil, which is a key input cost, has decreased to $30 per barrel. This reduction in budget may be intended to help the company manage its expenses and maintain profitability in a lower oil price environment.