Visión general creada por IA U.S. Oil Industry Becomes Refiner to World as Exports Boom ... The oil industry, also known as the petroleum industry, encompasses the global processes of exploration, extraction, refining, transportation, and marketing of petroleum products. It's a vital sector that fuels transportation, electricity, and manufacturing. The industry is broadly divided into three segments: upstream (exploration and production), midstream (transportation), and downstream (refining and marketing).

The mining industry encompasses the processes of extracting, processing, and managing naturally occurring solid minerals from the earth. It plays a vital role in the global economy by providing essential raw materials for various industries like energy production, construction, and technology.