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What You Should Know About Linseed Oil
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Global crude prices jumped on Sunday but have since retreated. Here's what experts say about the outlook for oil and gas.
JPMorgan says there's about a one in five chance that disruptions to oil production in the Persian Gulf send prices spiraling higher.
The closure of the Strait of Hormuz would have potentially devastating flow-on effects for oil supplies and prices in Australia.
Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows.
Fighting has the potential to disrupt oil markets, but a move by Iran to cut off supply would chiefly hurt China, the biggest buyer of Iranian oil.
India is preparing to source crude oil from outside the Persian Gulf and cut its own refined-product exports should the Strait of Hormuz be blocked to ship traffic, Oil Minister Hardeep Puri said.
U.S. oil prices already jumped last week, which could cause prices at the pump to rise about 20 cents a gallon in the coming weeks, according to one estimate.
A new study says consuming olive oil could increase the number of 'fat cell soldiers' in the army, leading to obesity and heart problems.
But the linseed oil used in traditional oil paint became harder to source after the first world war, prompting the use of herring, sunflower and safflower oils as substitutes.