West Texas Intermediate between the two has once again increased to over $14, but was back down to $4 by the end of 2014. West Texas Intermediate West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. This grade is described as Medium crude oil because of its relatively low density, and sweet because of its low sulfur content. It is the underlying commodity of New York Mercantile Exchange's oil futures contracts. The price of WTI is often referenced in news reports on oil prices, alongside the price of Brent
Value-driven maintenance go on doing what it is already doing. Today, it's all about creating "value". Now that we know what value is, we can translate the concept into maintenance. Within VDM, there are four axes along which maintenance can contribute to value creation within a company. The axes are also called the "four value drivers" (see fig 1.). The first value driver, asset utilization seeks to increase the technical availability of a technical equipment. With higher technical availability, it is possible to produce and sell more products with the same invested capital, generating more income while the fixed costs remain the