Drying oil such applications; or storing them immersed in solvents in suitable closed containers. Linseed oil soaked rags were the cause of the big fire in the One Meridian Plaza 38-storey office building resulted in severe structural damage after which a decision was made to demolish the building. Although spontaneous combustion has been said to occur with rags soaked in paint thinners, this is not true unless a drying oil is used as a thinner. However, classical paint thinners do not include drying oils. The danger is due to rags soaked in oil based paints, as it is due to the drying
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