U.S. gas prices hit 10-month highs amid tighter supplies, heatwaves

STORY: U.S. gas prices hit 10-month highs amid tighter supplies, heatwaves DATELINE: Aug. 19, 2023 LENGTH: 00:00:44 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of a gas station in Arlington, the U.S. state of Virginia STORYLINE: U.S. gas prices surged to an average of 3.87 U.S. dollars a gallon nationally on Thursday, the highest level in 10 months, data showed. That's 31 cents higher than a month ago, but still below the record high of 5.02 dollars in June 2022, according to the American Automobile Association (AAA). California has been on the top of the 10 most expensive markets across the country, with an average of 5.18 dollars a gallon, followed by Washington, Hawaii, Oregon and Alaska. The summertime gas price spike has been driven by lower gasoline stockpiles and a series of refinery outages caused by extreme heat. Goldman Sachs estimated that record heat levels in Texas have likely led to a sharp 2 percent slump in U.S. refiners' product yields over the past few weeks. AAA

Mega green hydrogen project put into operation in Xinjiang, China

STORY: Mega green hydrogen project put into operation in Xinjiang, China DATELINE: June 30, 2023 LENGTH: 0:02:07 LOCATION: URUMQI, China CATEGORY: ECONOMY SHOTLIST: 1 various of the hydrogen project 2 SOUNDBITE (Chinese): FAN LINSONG, Sinopec Star Xinjiang Green Hydrogen New Energy Co., Ltd. STORYLINE: The China Petrochemical Corporation (Sinopec Group) said on Friday that it completed the construction of a 20,000 tonne-per-year green hydrogen plant in northwest China's Xinjiang Uygur Autonomous Region. The project sets an example for the refiners to realize carbon emission reduction by tapping the potential of green hydrogen on a large scale. The project in Kuqa City started in March 2022. SOUNDBITE (Chinese): FAN LINSONG, Sinopec Star Xinjiang Green Hydrogen New Energy Co., Ltd. "The project has realized the whole process from production to utilization of green hydrogen, including photovoltaic power generation, green power transmission, green hydrogen production, hydrogen storage, hydrogen transpor

3 Mitsui-affiliated sugar refiners to merge in April 2005

3 Mitsui-affiliated sugar refiners to merge in April 2005

TOKYO, Japan - Keichiro Ohashi (L), president of KS Co., Yoshitaka Ihara (C), president of Shin Mitsui Sugar Co., and Hideo Sato, president of Taito Co., speak to reporters at the Tokyo Stock Exchange on April 8 about their companies' merger in 2005. The new firm -- named Mitsui Sugar Co. -- will have about 23% of the Japanese sugar market.

FTC raids 7 engineering firms

FTC raids 7 engineering firms

TOKYO, Japan - File photo shows crude oil being moved to one of Japan's national oil storage bases located off Wakamatsu, Kitakyushu. The Fair Trade Commission raided seven engineering firms affiliated with major oil distributors and refiners June 27 on suspicion of repeatedly putting in rigged bids for maintenance of national oil storage bases.

JX, TonenGeneral finalize integration deal to form JXTG Holdings

JX, TonenGeneral finalize integration deal to form JXTG Holdings

(From L) TonenGeneral Sekiyu K.K. President Jun Muto, JX Holdings Inc. Chairman Yasushi Kimura and JX President Yukio Uchida attend a press conference in Tokyo on Aug. 31, 2016, announcing that the two oil refiners finalized an agreement to integrate their management in April to form the biggest oil refiner in Japan as JXTG Holdings Inc. (Kyodo) ==Kyodo

3 Mitsui-affiliated sugar refiners to merge in April 2005

3 Mitsui-affiliated sugar refiners to merge in April 2005

TOKYO, Japan - Keichiro Ohashi (L), president of KS Co., Yoshitaka Ihara (C), president of Shin Mitsui Sugar Co., and Hideo Sato, president of Taito Co., speak to reporters at the Tokyo Stock Exchange on April 8 about their companies' merger in 2005. The new firm -- named Mitsui Sugar Co. -- will have about 23% of the Japanese sugar market. (Kyodo)

FTC raids 7 engineering firms

FTC raids 7 engineering firms

TOKYO, Japan - File photo shows crude oil being moved to one of Japan's national oil storage bases located off Wakamatsu, Kitakyushu. The Fair Trade Commission raided seven engineering firms affiliated with major oil distributors and refiners June 27 on suspicion of repeatedly putting in rigged bids for maintenance of national oil storage bases.