✉news WorldEU Politics first seen 1 d ago, last 7 h ago, peak #2
Defence spending props up Europe's shrinking refining sector, Vara CEO says
Original: Europe's defence spending props up shrinking refining sector, says VAROPreem CEO
The head of the Preem-owned Vara refinery business said Europe's defence spending is helping sustain a refining sector that would otherwise keep shrinking. Refineries across the continent face weak margins, ageing plants and competition from larger Asian and American facilities, and defence-related fuel demand is providing support amid closures and underinvestment.
Why now: Refinery closures and European rearmament are both in the news, making the link between defence demand and the survival of refining capacity timely.
Rank over time, top of the chart is #1. 16 snapshots from 1 d ago to 7 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/618413