Refining capacity refers to the maximum amount of raw materials, such as crude oil, that a refinery can process within a specific time frame, usually measured in barrels per day. This capacity is crucial for meeting market demand for refined products like gasoline, diesel, and jet fuel. Factors influencing refining capacity include the size and technology of the refinery, maintenance schedules, and regulatory requirements. A higher refining capacity allows a refinery to produce more products, potentially leading to increased profitability and better supply chain management in the energy sector.