It may be second nature to people in our industries, but many Americans don’t realize that the “oil” industry is actually several different industries that work together to make the fuels and products we all depend on. The three we talk about the most are upstream, downstream and midstream.
- Upstream extracts feedstocks used to produce fuels and petrochemicals
- Midstream moves and stores feedstocks and finished products.
- Downstream processes crude oil and natural gas into finished products