Commodity market may include interest rates, environmental instruments, swaps, or freight contracts. Source: International Trade Centre Energy commodities include crude oil particularly West Texas Intermediate (WTI) crude oil and Brent crude oil, natural gas, heating oil, ethanol and purified terephthalic acid. Hedging is a common practice for these commodities. For many years, West Texas Intermediate (WTI) crude oil, a light, sweet crude oil, was the world’s most-traded commodity. WTI is a grade used as a benchmark in oil pricing. It is the underlying commodity of Chicago Mercantile Exchange's oil futures contracts. WTI is often referenced in news reports on oil prices, alongside
Eco-costs value ratio and what this means to product portfolio strategies of companies. The solution is Eco-efficient Value Creation. The way towards sustainability requires a double aim in product innovation, see Figure 7: We call this: eco-efficient value creation. The reason we need value creation for eco-efficient products is threefold: Below, an example of eco-efficient value creation is given, which is the introduction of the Lexus RX 400h in the USA: Note that the acceleration of a car is an interesting issue in terms of value. High acceleration is associated with expensive sports cars (Porsche, Ferrari). But people who buy these fast cars