Hurricane Harvey's energy impact
A storm-ravaged Gulf Coast faces a large and complex recovery that could take longer than energy investors expect
In case you missed the wall-to-wall coverage, Hurricane Harvey slammed into the Gulf Coast, the heart of America's oil and gas industry and one of the world's largest energy hubs, on 25 August. Torrential rain is expected to keep falling on Houston and surrounding areas throughout this week. The immediate concern is for the thousands affected by the flooding. But the fallout on energy markets will be great: supply, energy infrastructure and demand have all already been significantly affected by the storm. Gasoline and other fuel prices quickly jumped more than 5% as the scale of the disaster became clear and refineries along the coast were shut down. WTI crude prices fell more than 2%, and t
Also in this section
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
