Tedcastles Oil Products Limited (TOP) is an Irish petrol company founded in 1960 which trades under the brand name "TOP". Before a rebranding in 1998, the company traded as "Tedcastle's Oil". It is a subsidiary of Tedcastles Holdings Limited. TOP is the biggest Irish-owned fuel company. It is also the only company to supply not only oil and kerosene, but now also coal.
The company operates petrol stations mainly outside Dublin. It has two large sites in Dublin City and has over 180 stores nationwide (over 25 of them are owned by the actual company). In 2010, TOP bought over a large fuel company in Galway called Sweeney Fuels. It was one of the biggest deals made in TOP's history and has proved a very successful one. In late 2010, TOP's 6 separate sites were finally opened along the Galway motorway, which are all in alliance with Applegreen, who TOP also supply.
From 1998-2004 the company operated a convenience store chain on a franchise basis with ADM Londis. These stores were known as "Londis Topshop". This allowed forecourts to become franchisees of both Londis and TOP at once. However it also had high street stores in competition with ADM Londis itself. In 2004, the stores were acquired by ADM and rebranded to simply Londis. Top distributes oil, coal and kerosene all over Ireland. It is also a large supplier of coal to the UK.
In the international petroleum industry, crude oil products are traded on various oil bourses based on established chemical profiles, delivery locations, and financial terms. The chemical profiles, or crude oil assays, specify important properties such as the oil's API gravity. The delivery locations are usually sea ports close to the oil fields from which the crude was obtained (and new fields are constantly being explored), and the pricing is usually quoted based on F.O.B. (free on board, without consideration of final delivery costs).
UCHE The three most quoted oil products in North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price, which is typically priced $5 to $6 above the EIA's Imported Refiner Acquisition Cost (IRAC) and OPEC Basket prices. WTI and Brent are quoted F.O.B specific locations, not F.O.B. the oilfields. For WTI, the delivery point is Cushing, OK; for Brent, it is Sullom Voe, an island north of Scotland.