In 1996, oil refining capacity was 1.21 million barrels-per-day, but demand was 1.63 million.

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Global production reached 1.54 million barrels of oil equivalent (boe) per day, while refining capacity utilization rate stood at 91%.

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Petrobras was forced to import crude and gasoline in the quarter, as its refining capacity allowed it to process 1.886 million barrels of oil per day, while they sold 2.2 million.

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