1 / 42

The Joint Oil Data Initiative

The Joint Oil Data Initiative. Mieke Reece IEA. What is JODI? From high price volatility to the launch of JODI Early achievements: from 2001 to 2004 The JODI World database: 2005 Improving Use and Usefulness: 2006 to 2009 What next ? A few words to conclude. What is JODI?.

roana
Download Presentation

The Joint Oil Data Initiative

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. The Joint Oil Data Initiative Mieke Reece IEA

  2. What is JODI? • From high price volatility to the launch of JODI • Early achievements: from 2001 to 2004 • The JODI World database: 2005 • Improving Use and Usefulness: 2006 to 2009 • What next ? • A few words to conclude

  3. What is JODI? • Stands for Joint Oil Data Initiative • A concrete outcome of the oil producer-consumer dialogue • Initiative between 7 international organisations to improve oil data transparency and harmonisation • Monthly oil data collection through a common oil supply questionnaire from more than 90 countries assembled in a world database.

  4. Part I From high price volatility to the launch of JODI

  5. Evolution of oil prices ($/bl) An Unusual High Volatility in Oil Prices… Blame on statistics?

  6. Data show higher Supply than Demand Table 1WORLD OIL SUPPLY AND DEMAND Miscellaneous to balance 0.9 1.6 0.2 -0.3 0.0 0.5 0.1 0.1 1.4 0.7 1.9 1.0

  7. Political Call + Technical Answer = Basis Technical Heads of Statistics in Paris • There are many problems with definitions, units, methodology • Organisation can solve some of the problems • Involvement of countries is essential Political Paris13-14 Nov. 2000 Ministers at the 7th IEF Meeting Riyadh17-19 Nov. 2000 “Co-operation among relevant international organisations, as well as the participating countries, in improving and timely accessing to energy data is important for market assessment and transparency.” Bangkok2-3 April 2001 Decision taken to launch a 6-month exercise

  8. Working together :a long process but worthwhile ! 2001 - 2009 QuitoJune 09 DohaMay 06 RomeMay 08 RiyadhNov 06 ParisOct 08 ViennaSep 06 RiyadhNov 05 BaliOct 04 ViennaMar 09 ParisNov 07 N York May 06 Luxem. June 08 Luxem.Jan 06 CairoOct 03 ParisNov 05 ParisJul 05 Amst.May 04 RiyadhJan 05 MexicoMay 02 ViennaJun 04 OsakaSep 02 ParisDec 03 RiyadhNov. 01 ViennaJan 03 International Energy Forum Conferences JODI Conferences Inter-Secretariat Working Group Meetings BangkokApr 01 Amst.May 04 ParisJuly 02 ViennaApr 02 MexicoMay 02 RiyadhNov 00 Luxem.Jan 02 MadridJuly 00 ViennaOct 01 ViennaMay 01 ParisDec 03 ParisNov 00

  9. Quito June 2009 The Mechanics of JODI Riyadh (11/05) Promoting and Extending JODI Riyadh (11/01)Mexico (5/02) Launching of the Database Riyadh (11/06) Participation Cairo (10/03) Bali (10/04) Bangkok (4/01) Use and Usefulness Reliability and Sustainability Launch

  10. Part II The early achievements of JODI 2001 to 2004

  11. 1st Step: Agreement on a common Questionnaire A Simple Format (42 data points) Month -1 and Month -2 Choice of units left to organisations Simple Definitions Country: Month: Unit: JOINT APEC/EUROSTAT/OECD-IEA/ OLADE/OPEC/UN DATA Initiative

  12. 2nd Step: To Launch a 6-Month Exercise with Joint and Agreed Objectives Country A2 Country A1 Country A3 Country F1 Country F2 Country B1 Country E2 Country B2 Country B3 Country E1 Country D1 Country D3 Country C2 Country D2 Country C1 • Objectives • How many countries would be able to complete the table • How many countries would be able to submit M-1 data • What are the main difficulties encountered • What solutions could be proposed Co-ordination

  13. Data collection and reporting at country level: Establishment of system when there was none Moving from M-3 to M-2 to M-1 Fewer confidentiality issues Better quality data Continuous increase in coverage A JODI World Database Enormous Progress over the first 4 years of the Initiative

  14. Changes to the Reporting Mechanism Changes in the Law on Statistics;i.e. quicker response of submissions. Workshop session with industry to improve involvement ( “win-win”): Additional: Extra JODI-questionnaire. Changes in the CBS-questionnaire itself. Change towards complete Electronic handling by the companies and CBS. Progress in monthly reporting The Netherlands

  15. Fewer Confidentiality Issues Progress in monthly reporting China China has started to collect and release stocks changes data; data on stock levels should follow

  16. Progress in Data Quality

  17. Progress in Data Quality

  18. Coverage and Number of Countries Participating in JODI93 ProgressinCoverage Global Oil Production Global Oil Demand 94% of world total 95% of world total

  19. A database was prepared

  20. Part IV The JODI World database 2005

  21. The need for a co-ordinator: the IEF Secretariat A Co-ordinator An Engine and a Catalyst • Sustain, improve, release the JODI World Database • Assess data quality and provide suggestions for improvement • Co-ordinate with the international organisations the public release of the JODI World Database • Strengthen oil data reporting capacity • Co-ordinate the harmonisation of definitions, conversion factors, metadata • Promote JODI • Preparation of Conferences Strengthen co-operation between the 6 organisations

  22. Country A2 Country A1 Country A3 Country F1 Country F2 Country B1 Country E2 Country B2 Country B3 Country E1 Country D3 Country D1 Country C2 Country D2 Country C1 World JODI database – How does it work JODI Database

  23. King Abdullah of Saudi Arabia launching the JODI World Database – Nov 2005

  24. Color code indicating data comparability (blue, yellow, white) A View of the JODI World Database Monthly update, M-1 data

  25. A need for training • Website • Manual • Training Sessions • Internships

  26. A joint IEFS, APEC, Eurostat, IEA, OLADE, OPEC, UNSD manual on JODI Available in French and Spanish, and soon Russian and Arabic

  27. JODI Manual Definitions of products and flows are the heart of the manual, however it also includes chapters on: Data verification methods Examples of practices from participating countries The JODI questionnaire and database The JODI manual is translated into other languages than English: Spanish, French, and Russian version are available; Arabic is under preparation The JODI manual is a live document and feedback is an essential element in the drive for progress

  28. JODI Training To help the participating countries to report better quality data in the JODI questionnaire It offers participants an opportunity to get clarifications about the definitions, data quality assessment and oil data issues To share their experience on data validation best practices or data collection issues

  29. 3rdTraining for MENA countries 23-26 October 2007 in Algiers IEFS/IEA/OPEC/UNSD/IMF Algiers Joint JODI training sessions are organised worldwide 4th JODI Training 10-12 Sep 08 APEC IEFS IEA OPEC IMF Training 2009 Ankara sheduled 18-20 Nov CaspianSea APEC Caracas 1st JODI Training ------ 14-19/08/06 ------ OLADE IEFS IEA OPEC UNSD IMF 2nd JODI Training ------ 29/01-2/02/07 ------ IEFS Eurostat IEA OPEC IMF Johannesburg

  30. Part V Improving Use and Usefulness

  31. Despite progress, some problems still remain … • Some countries do not send data regularly • Some countries do not report some flows, e.g. demand or stocks (close/level) • Some countries do not meet the aimed submission for 1-month old data • Data submitted by some countries are not always reliable (definition?, other?)

  32. How to communicate results to Ministers • Results visible rapidly • Results on a country basis • A measure easy to understand • Objective criteria: timeliness, sustainability and completeness  

  33. Smiley FacesReport shown at IEF meetings 64 4 20 43 7 38 50 14 24 53 44 46 What is the overall situation in terms of sustainability, timeliness and completeness ?

  34. What more has been done to improve use and usefulness of JODI? Extension of the current oil questionnaire Promotion of the data base – re-looking of the website A data quality analysis More Training Workshops Internships at IEFS

  35. Kerosene is also used for cooking and lighting in Asia, Africa and Latin America, so the need to differentiate jet kerosene from other kerosene NGL and Other Non crude production have been added Addition of a few technical flows to be able to make a full oil balance Naphtha accounts for a large share of other products, so the need to have a special column to report naphtha Extending the current questionnaire: a response to user’s needs to have more information and a full oil balance However, countries still have the possibility of submitting the current format

  36. Part VI What Next ?

  37. What Next? • Actively promoting the JODI World database • Extending the JODI World database to include additional balance data • Extending to other fuels ( e.g. Natural Gas) • Annual data on production capacity and investment plans

  38. Part VII A Few Words to Conclude

  39. The Database is Only the Visible Part of the Iceberg… The JODI Database 6 Organisations + The IEFS 90+ Countries Oil Companies Oil Analysts

  40. The Indirect Impacts of JODI • Raising the profile of oil (and energy) statistics at the highest level (8th, 9th,10th and 11th IEF Forum, etc.) • Improving the quality, timeliness and coverage of oil (and energy) statistics world wide • Strengthening the links between organisations, countries and companies • Creating a momentum to strengthen cooperation and work on harmonization (InterEnerStat, the Oslo City Group, etc.)

  41. Lessons From the Initiative • A lot can be achieved by working together • A close interaction between organisations, countries and the industry is key to move a process • Political backing is essential • Improving data transparency will not happen over night • Transparency will not happen without full participation of all parties

  42. www.jodidata.org Thank you

More Related