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Monthly Oil Statistics (MOS) Joint Organisations Data Initiative (JODI Oil)

Monthly Oil Statistics (MOS) Joint Organisations Data Initiative (JODI Oil). Energy Statistics Training Paris, 4-8 March, 2013 Á gnes Nagy Monthly Oil Statistics. Why collecting monthly oil data?. Emergency Purposes Oil and Gas Market Analysis World-wide Data Dissemination.

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Monthly Oil Statistics (MOS) Joint Organisations Data Initiative (JODI Oil)

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  1. Monthly Oil Statistics(MOS) • Joint Organisations Data Initiative (JODI Oil) Energy Statistics Training Paris, 4-8 March, 2013 ÁgnesNagy Monthly Oil Statistics

  2. Why collecting monthly oil data? • Emergency Purposes • Oil and Gas Market Analysis • World-wide Data Dissemination

  3. The IEA monthly data system 1) MOS 2) JODI 3) Emergency data system (during supply disruption)

  4. JODI Questionnaire M-1 Monthly Oil Questionnaire M-2 Revisions to historical data

  5. Differences between the MOS and JODI questionnaire Monthly Oil Questionnaire for OECD countries requires more information than JODI Monthly Oil Questionnaire JODI December January February

  6. Annual Oil Statistics Annual Oil Questionnaire

  7. Monthly Oil Statistics Emergency stock coverage: 90-days IEA/OECD countries Monthly Oil Questionnaire

  8. Monthly Oil Survey August 2004 • Worldwide oil data dissemination Paper publications Electronic Form Monthly Oil Data Service(MODS)

  9. Oil Market Report • The benchmark oil market analysis of where the oil market is today and where it is likely to be headingin the future • Monitor the oil market • Analyse trends in demand, supply, refinery • activity, trade, and stocks • Inform the oil market with latest global data • Project short term developments in the oil market. • Increasing usage of JODI data in particular for non-OECD countries.

  10. What is JODI • JODI was born in 2000 as Joint Oil Data Initiative • Oil data collection from almost all over the world (around 100 participating countries) • Purpose oil data transparency • It is a concrete outcome of the energy producer-consumer dialogue

  11. JODI Background • An unusual high volatility in oil prices was observed at the end of the 90’s / beginning 2000 • The lack of transparent and reliable oil statistics was identified as a contributory factor Evolution of oil prices ($/barrel)

  12. Emerging Economies & JODI • JODI data are becoming crucial for the growing portion of the market accounted for by the emerging economies • All expected growth in demand is in Non-OECD • Asia and Middle East: new refining and storage capacities • OPEC, Brazil and Caspian: supply growth

  13. Growing JODI importance • Within 6 months: 55 participating countries, 6 months later (May 2002): over 70 participating countries: • 2002: six organisations obtained agreement from their member countries → Joint Oil Data Initiative, became a permanent reporting mechanism.

  14. One common JODI questionnaire for all 6 organisations Member countries How it works Member countries Member countries Member countries Member countries Around 100 participating countries, representing over90% of global supply and demand Member countries

  15. At first: Simple Form – Common Questionnaire • 42 key oil data points

  16. NGL, Other and Total column added in order to avoid miscounting in Crude Oil production Naphtha accounts for a large share of other products, so the need to have a special column to report it Kerosene is also used for cooking and lighting in Asia, Africa and Latin America, so the need to differentiate jet kerosene from other kerosene • 2006: JODI extended questionnaire for oil (Maxi-JODI), 2 year trial period, 2008: fully implemented Addition of a few technical flows to be able to make a full oil balance and consequently better check internal consistency and overall quality

  17. Latest: Initiative to cover Natural Gas (JODI Gas) • and annual data on upstream and downstream capacity • and expansion plans. • JODI rebranded from Joint Oil Data Initiative to • Joint Organisations Data Initiative

  18. Outcomes & Achievements • At country level: • Trainings: Improving the quality, timeliness and coverage of statistics • Establishment of data collection mechanism when there was none • Moving from M-3 to M-2 and then to M-1 • Fewer confidentiality issues, increasing coverage, better quality data • Strengthening the links between organisations, countries and companies, • contributing to the harmonization statistics • JODI World Database • Expanding platform of users

  19. TRAINING • To help the participating countries to report better quality data in the JODI questionnaire: • definitions • data quality assessment • oil data issues • To share their experience on data validation and collection issues. • To get clarifications about the definitions, data quality assessment and oil data issues • Apart from trainings, the IEF Secretariat hosts JODI Internship programs at its headquarters in Riyadh, for officials from developing countries with direct responsibility for oil statistics.

  20. JODI trainings already held: 3rd JODI Training ------ Oct 2007 ------ IEFS OPEC IEA UNSD IMF Bogota 5th JODI Training ------ Nov 2009 ------ IEFS APEC Eurostat IEA 6th JODI Training ------ Jul 2010 ------ IEF OLADE IEA 7th JODI Training ------ Oct 2012 ------ IEF IEA OPEC Ankara Algiers 4th JODI Training ------ Nov 2008 ------ IEFS APEC IEA Rabat Bangkok Caracas 1st JODI Training ------ Aug 2006 ------ OLADE IEFS IEA OPEC UNSD IMF 2nd JODI Training ------ Feb 2007 ------ IEFS Eurostat IEA OPEC IMF Johannesburg

  21. What happens to JODI data once submitted : • JODI World Database • Evaluation of JODI data: • participation • timeliness • completeness

  22. www.jodidata.org • JODI World Database • Accessible free of charge, regular monthly updates • 2012 – release of the extended JODI World Database • (data from extended JODI questionnaire)

  23. Ongoing JODI performance evaluation: • data submission, timeliness and completeness • Ratings: Good , Fair K , Poor 

  24. Importance of JODI Data • JODI on political agenda: • 2009 • 2010 • 2011 • Meeting of Finance Ministers and Central Bank Governors, Washington DC, April 2011

  25. Expanding platform of users:

  26. JODI MANUAL • Definitions of products and flows • Data verification methods • Examples of practices from countries • Questionnaire and database overview • The manual for small JODI format is available in Spanish, French, Chinese, Russian and Arabic • The manual for extended format of JODI has been released in October 2012, currently only in English

  27. Thank you mos@iea.org

  28. Exercise

  29. Exercise JODI.3 • Remember that the table is a BALANCE. • You need to report that the NGL is used directly (on the primary product side: NGL Direct Use) and then that it enters the market directly (on the secondary products side): • report it in the “RECEIPTS” line under “Other Products” • Only now you show how it is reclassified into LPG. • Use the Interproduct Transfer line. • This way the LPG produced in the gas plant will be part of demand. • Receipts for Other Products include direct use • of crude oil and NGL

  30. Exercise JODI.3 100 100 -100 100 100 The Interproduct Transfer Total should be equal to 0

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