Oil Supply Chain
The oil supply chain refers to the entire process of producing, transporting, refining, and distributing crude oil and its derivatives. It begins with exploration and extraction, where oil is located and pumped from underground reservoirs. Once extracted, the oil is transported via pipelines, tankers, or trucks to refineries.
At the refinery, crude oil is processed into various products, such as gasoline, diesel, and jet fuel. These products are then distributed to retailers and consumers through a network of storage facilities and distribution centers. The efficiency of the oil supply chain is crucial for meeting global energy demands.