What is downstream industry?

The downstream industry refers to the sector of the oil and gas industry that focuses on the refining, distribution, and marketing of petroleum products. This includes processes such as refining crude oil into fuels and other products, as well as the transportation and sale of these products to consumers and businesses. Key players in this industry include refineries, fuel distributors, and retail outlets. Ultimately, the downstream industry plays a crucial role in delivering energy and petroleum-derived products to end-users.