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In 2015-2016, net capacity additions will be more than needed, which will cause the global utilization rate to decline, and casts a doubt on the continuation of current unusually high refining margins.

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    Who said, “Hope is the power of being cheerful in circumstances that we know to be desperate.”
    A Christopher Reeve
    B G.K. Chesterton
    C C.S. Lewis
    D Desmond Tutu