Linseed oil oil – commonly known as flax seed oil in nutritional contexts – is easily oxidized, and rapidly becomes rancid, with an unpleasant odour, unless refrigerated. Even when kept under cool conditions, it has a shelf life of only a few weeks. Oil with an unpleasant or rancid odor should be discarded. Oxidation of flax seed oil is a major commercial concern, and antioxidants may be added to prevent rancidification. Linseed oil is not generally recommended for use in cooking, yet one study does show that the alpha linolenic acid (ALA) while bound in flaxseed was found to be stable for
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