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Brent Crude, the major benchmark price for oil purchases worldwide, increased by more than 20% in the first half of 2018, before hitting a four-year high of $86 a barrel in early October. Since then the price of crude has crashed, dragged down by a deepening sense of global economic gloom as well as fears of oversupply in the oil market itself.
Prices fell to a year-low of just over $54 a barrel in December, but stabilised after the Organization of the Petroleum Exporting Countries (Opec) and Russia agreed to slash production by 1.2 million barrels a day.
Volatility returned to the market last week as political unrest in Venezuela threatened to further disrupt supply from one of the world’s major oil producers. President Nicolas Maduro cut ties with Washington after Donald Trump announced he would recognise opposition leader Juan Guaido as interim president. The US is Venezuela’s biggest and most important oil customer, accounting for 39% of deliveries last year. As the fourth-biggest source of foreign oil, Venezuela is also crucial to American refineries, which take in hundreds of thousands of barrels each day. 
GAS & OIL   Fastener Specialists

Bon Accord, based in Aberdeen, have many years experience and a broad knowledge of Petrochemical supply of Studbolts, Anco Nuts along with a complete fastener range. Bon Accords in-house Coating Division can supply in Zinc, Phosphate, PTFE, Moly-Cote, ZRC Galvilite, Zinc Nickel Plating, and have a variety of manufacturing capabilities allied to a large stock of Bolt Blanks and Bar Materials.

TFC is a leading Global supplier of technical fastener components to the Oil & Gas industry, with an unrivalled reputation for delivering innovative quality products, supply solutions, and exemplary service. The UK provider of Smalley spring product range, Spirolox Retaining Rings, Laminar Seal Rings and unique space saving Wave Springs. 

Socket & Allied has the manufacturing capability of producing high volume, low-cost precision engineered components and are well placed to service the needs of our International customers. Socket & Allied have been involved with the Gas and Oil fastener industry for many years offering an extended service to all parts of the industry. 
Fastener Grades
Socket family
Metal Nut Family
Fastener Quality
Fastener Materials
Washer family

Skilled fastener distributors and manufacturers who have fully trained staff, capable of working with technical specifications and understand the quality needs of the Gas and Oil industries. Fastener companies that understand the industries need for quality documentation storage and retrieval. Manufacturers and Fastener distributors who work to EN 10204 understand the difference between a 3.1 and 3.2 certs and the quality approval organisations connected with this industry.

Studs and stud bolting petrochemical grades:

B7, B7M, L7, L7M,
B16, B6, B8, B8C 304, B8 C12, B8M, 316, B8M
CL2, B8T, 2H, 2HM, 4, 7, 7M, 8, 8C, 8A, 8M, 8MA, 8T



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