Compared with conventional reservoirs, tight reservoirs experience more intense diagenesis; thus, their properties are extremely poor. Nevertheless, natural fractures with high‐strength can appear in these reservoirs and could play an essential role in the accumulation and production of tight oil. In this study, we focused on the effects of different diagenetic processes in the formation and transformation of natural fractures to determine the effects of natural fractures on tight reservoirs. Various observation techniques and analysis methods were applied (i.e., observations of cores, cast thin sections, scanning electron microscopy; field emission scanning electron microscopy; and X‐ray diffraction analysis). We clarified characteristics of the fractures and distribution patterns based on core descriptions and microscopic observations and explained the diagenetic stage and evolution sequence of reservoirs. Past studies regarding carbon and oxygen isotope analysis and basin simulation were considered. This study also reviewed the fracture formation time, source of fracture fillings, and oil charging time. We obtained insight into the coupling relationship of fracture states, diagenetic sequences, hydrocarbon charging, and, in particular, the controlling effect of diagenesis on natural fractures. The results revealed that formation, preservation, and destruction of natural fractures in tight reservoirs were closely related to diagenesis. Compaction and cementation in the reservoirs decreased the porosity and altered the petrophysical properties of the reservoir. They also provided favorable conditions for the development of tectonic fractures, while dissolution did not. The influences of dissolution and cementation on natural fractures depended on the duration for which these processes were active. Compaction and cementation formed related types of diagenetic fractures, while dissolution increased the effectiveness of natural fractures. The purpose of this study was to evaluate the influence of diagenesis on the formation, controlling effects, and effectiveness of natural fractures, as well as the effects of natural fractures on tight reservoirs through geological history. This study is expected to provide guidance for future exploration and development of tight oil and gas with similar geological origins.