Here's a recap of the top downstream-related articles on Rigzone since Jan. 1, 2020, starting with numbers 20 through 16. Here’s a recap of the top downstream-related articles on Rigzone since Jan. 1, 2020, starting with numbers 20 through 16. The recent sharp plunge in oil prices has inflicted significant pain on the upstream oil industry, but refiners are also reeling from the dramatic decrease in fuel consumption, according to this article from Bloomberg. The news agency revealed that analysts foresee more pain in the coming weeks as refiners cut their run rates and the oil market – having flipped to a “contango” situation in which traders stock up on cheap crude – grapples with a tighter physical storage environment.