# Weekly Energy Market Situation, August 28, 2017 - Fuels Market News

> Harvey was the first hurricane to hit Texas since 2008 and the first major US hurricane landfall since 2005. The storm disrupted refining in the region, while WTI price impacts were muted and offshore output dipped slightly.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8390-weekly-energy-market-situation-august-28-2017-fuels-market-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Rising shares of US production inland and in fracking reduce how much a Gulf hurricane moves crude supply. Refinery disruption still affects product prices more than crude.

## Read by commodity

- WTI: neutral
- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-06-29 | [US natgas futures jump 10pc on warmer weather view - Markets - Business Recorder](https://feedsoft.ai/events/9801-us-natgas-futures-jump-10pc-on-warmer-weather-view-markets-business-recorder.md) | +5.3% | +7.8% |
| WTI | 2016-07-14 | [U.S. grains: New forecast ends rallies - Manitoba Co-operator](https://feedsoft.ai/events/4942-u-s-grains-new-forecast-ends-rallies-manitoba-co-operator.md) | +0.3% | -6.9% |
| WTI | 2026-01-26 | [When the US freezes, the global LNG market catches a cold \| Reuters](https://feedsoft.ai/events/4404-when-the-us-freezes-the-global-lng-market-catches-a-cold-reuters.md) | +6.4% | +9.1% |
| WTI | 2026-10-27 | [CBoT corn drops on US harvest pressure - Markets - Business Recorder](https://feedsoft.ai/events/421-cbot-corn-drops-on-us-harvest-pressure-markets-business-recorder.md) | -1.0% | — |
| WTI | 2024-11-01 | [Natural Gas Futures Extend Drop on Delayed Winter Arrival, Golden Pass LNG Project](https://feedsoft.ai/events/11711-natural-gas-futures-extend-drop-on-delayed-winter-arrival-golden-pass-lng.md) | +4.5% | -1.9% |
| NATGAS | 2022-02-03 | [Rystad Energy: This week’s gas and LNG market \| LNG Industry](https://feedsoft.ai/events/9231-rystad-energy-this-week-s-gas-and-lng-market-lng-industry.md) | -33.0% | -23.0% |
| NATGAS | 2022-02-04 | [Natural Gas Weekly – February 3, 2022 - Alternative Energy Source](https://feedsoft.ai/events/9229-natural-gas-weekly-february-3-2022-alternative-energy-source.md) | -25.2% | -8.7% |
| NATGAS | 2025-01-22 | [Daily Natural Gas Market Update  1-22-25](https://feedsoft.ai/events/6345-daily-natural-gas-market-update-1-22-25.md) | -15.5% | +36.1% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/weekly-energy-market-situation-august-28-2017/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.