What does Midstream mean?
The Oil & Gas industry is usually divided into three sectors: upstream, midstream and downstream. . The upstream involves exploring & producing oil & gas, the midstream phase involves transporting and storing them, and the downstream phase involves refining and distributing the petroleum products.
Futures Knowledge Explains Midstream
The midstream sector provides transportation facilities such as pipelines, rail, oil tanker, barge, cargo vessels. The midstream sector involves the storage and transportation of crude oil from production sites to refineries and also marketing of crude or refined petroleum products. The midstream activities also involve some processing, fractionating, and storing oil & gas.