When the oil market crashes: A lot.The global market for crude oil crashed from $US75 per barrel to below $US50 per barrel after OPEC cut production to hold prices steady.But after the Saudis and the Iraqi government cut back production in an effort to keep prices stable, prices plunged to a five-year low of $US34 […]
Updated September 14, 2018 10:52:25 Murphy’s oil is a super-high-end product, which makes it worth the extra $1,000.Murphy’s soap has a base made of high-quality natural ingredients, and it contains a small amount of alcohol to give it that unique flavor.However, Murphy’s is a product made from the molasses of oil, which is a very […]
Oil prices are at an all-time low, but a new study from the Peterson Institute for International Economics (PIEE) says they are not sustainable.It comes as the world’s economy continues to struggle with the effects of the climate crisis, and a new report from the International Monetary Fund says global economic growth will slow to […]
Oil prices are about to reach a level that hasn’t been seen in nearly a decade, a Reuters/Ipsos poll found, underscoring how oil-rich the world is and what will happen if global energy demand drops.The poll also found that many people in the developed world do not expect a global recession, with 58% of respondents […]
Oil price bloomburg’s annual “ass sale” is upon us, and the auction has a few new names.In fact, it’s been updated to include a couple of new ones, with the winner of the $50K auction to be announced on Monday.The new name for the annual sale is the “Mile High,” a name first floated by […]
Posted July 14, 2018 11:38:20 Oil for cars is often touted as a cleaner alternative to petrol and diesel, with experts claiming the technology is cheaper, safer and more environmentally friendly.But what is it?How does it work?And what do you do with it?We take a look at what it is and what you need to […]
The oil price is going up, and we’re all paying a lot more.The price of Brent crude oil, the world’s most traded oil, hit a record high of $60 a barrel Tuesday on a day where the Dow Jones Industrial Average fell nearly 50 points.Brent crude is the world oil benchmark and the benchmark for […]
Marijuana oil and cannabis oil are both widely used in medical and recreational applications, and they are both safe to use, according to a new study.Marijuana oil is considered safe for people with certain conditions, and it is commonly used in products like lip balms and facial creams.But it is also becoming increasingly popular in […]
After months of pressure from environmentalists, the U.S. Environmental Protection Agency has announced that it will phase out its use of some of the world’s most toxic and carcinogenic chemicals.The announcement marks the end of a decades-long effort to use natural gas to frack the Bakken formation in North Dakota, and marks the culmination of […]
Oil pastels are usually made from oil, but it’s been suggested that they can be made from anything.But, according to the Food and Drug Administration, there is nothing in the oil to stop them from being used to extract essences from sebaceous glands.The new discovery, which has been published in Nature, shows that this can […]