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Oil Data Transparency

Joint Oil Data Initiative Newsletter No.12 - April 2008

Description of Products

Data Table

Background: The late 1990s saw extremely volatile oil markets, which some observers ascribed partly to inadequate and opaque statistics. The criticism, whether justified or not, inspired a new look at the availability and reliability of oil data.

Responding to the call from the Seventh International Energy Forum, six major international organisations agreed in June 2001 to launch a data reporting exercise. The Joint Oil Data Exercise - under the auspices of APEC, Eurostat, IEA/OECD, OLADE, OPEC and the UNSD - aimed to assess the quantity, quality and timeliness of basic monthly oil data.

A very simple questionnaire was circulated to a large number of countries, asking for month-old and two-month-old information (M-1 and M-2) (see below).

Data: The oil data is collected in the format below :

On this website, you will find some selected data for OECD countries.

To access data for countries from other organisations, and for more information about this joint initiative, please consult the following website www.jodidata.org