Oil mill include soybeans, rapeseed (canola), sunflower seeds, cottonseed, and maize (corn), as well as peanuts, olives, various nuts, sesame seeds, safflower, grape seeds and flaxseed (linseed). Palm oil is extracted from the pulp of the oil palm fruit, palm kernel oil from the kernel of the oil palm, and coconut oil from the kernel of the coconut. Oil mill An oil mill is a grinding mill designed to crush or bruise oil-bearing seeds, such as linseed or peanuts, or other oil-rich vegetable material, such as olives or the fruit of the oil palm, which can then be pressed to extract vegetable
World oil market chronology from 2003 two major oil suppliers reducing supply generated fears of a repeat of the 1973 oil crisis. The mid-July decision of Saudi Arabia to increase oil output caused little significant influence on prices. According to the oil minister of the Islamic Republic of Iran, Gholam-Hossein Nozari, the world markets were saturated and a Saudi promise of increased production would not lower prices. Several Asian refineries were refusing Saudi petroleum in late June because they were over priced grade. On July 3, "the Brent North Sea crude contract for August delivery rose to $US145.01 a barrel" in Asian trade. London Brent crude