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Frequently Asked Questions
Downstream refers to the final stage of the oil & gas company, where natural gas and crude oil are refined, processed, and transformed into final fuel products like diesel, gasoline, jet fuel, petrochemicals, lubricants, and other consumer products. It comprises refining, distribution, and marketing activities that openly connect with industries and consumers.
The global downstream market is projected to grow due to improvements in refining technologies, ever-increasing global energy demand, and speedy urbanization and industrialization.
According to study, the global downstream market size was worth around USD 37.17 billion in 2024 and is predicted to grow to around USD 107.52 billion by 2034.