Sioux City Linseed Oil Works years. The building was listed on the National Register of Historic Places in 2008. Sioux City Linseed Oil Works The Sioux City Linseed Oil Works is a historic building located in Sioux City, Iowa, United States. It is located in an area east of the central business district where warehouses and other industrial buildings are located. It housed the Sioux City Linseed Oil Works (initially known as Hubbard and Gere) from 1884, when it was built, until 1927 when its owner, the American Linseed Oil Company, ceased production here. The building was largely destroyed in a fire that began late
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