1. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue Jean-Yves Garnier Mieke Reece International Energy Agency The Joint Oil Data Initiative A success story in strengthening international co-operation on statistics

2. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue Unusual volatility in oil prices… Evolution of oil prices ($/bl) Blame on statistics?

3. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue Political Call + Technical Answer = Basis Bangkok 2-3 April 2001 Decision taken to launch a 6-month exercise Riyadh 17-19 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.” Political Ministers at the 7th IEF Meeting Technical Heads of Statistics in Paris Paris 13-14 Nov. 2000 There are many problems with definitions, units, methodology Organisation can solve some of the problems Involvement of countries is essential There are many problems with definitions, units, methodology Organisation can solve some of the problems Involvement of countries is essential

4. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue JODI started first as a 6-month exercise (JODE) Simple Definitions Choice of units left to organisations A Simple Format (42 data points ) A Simple Format (42 data points ) Unit: Country:Month: Month -1 and Month -2

5. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue Country B3 Country B1 Country B2 Rolling co-ordination through mails, calls, meetings Rolling co-ordination through mails, calls, meetings Country A1 Country A3 Country A2 Country D1 Country D2 Country D3 Country E2 Country E1 Country F1 Country F2 Country C1 Country C2 The initial data collection and co-ordination mechanism

6. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue International Energy Forum Conferences JODI Conferences Inter-Secretariat Working Group Meetings International Energy Forum Conferences JODI Conferences Inter-Secretariat Working Group Meetings Amst. May 04 Mexico May 02 Paris Dec 03 52 participating countries within 6 months, 90 one year later… Riyadh Nov. 01 Mexico May 02 Luxem. Jan 02 Vienna Apr 02 Madrid July 00 Bangkok Apr 01 Paris Nov 00 Riyadh Nov 00 Vienna May 01 Vienna Oct 01 Amst. May 04 Vienna Jan 03 Paris July 02 Paris Dec 03 Vienna Jun 04 Paris Nov 05 Riyadh Jan 05 Paris Jul 05 Riyadh Nov 05 Cairo Oct 03 Bali Oct 04 Osaka Sep 02 Luxem. Jan 06 Vienna Sep 06 N York May 06 Riyadh Nov 06 Doha May 06 Paris Nov 07 Paris Oct 08 Luxem. June 08 Vienna Mar 09 Quito June 09 Rome May 08 Bogota July 10 Cancun Mar 10 Paris Dec 10 Ryadh 2011

7. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue The need for a more structured co-ordination Country B3 Country B1 Country B2 JODI Database Country A1 Country A3 Country A2 Country D1 Country D2 Country D3 Country E2 Country E1 Country F1 Country F2 Country C1 Country C2 The 6 organisations ask the IEF Secretariat to coordinate the initiative

8. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue The JODI database Freely available and updated every month Colored cells give an indication of data quality

9. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue The importance of the political support: On 19 November 2005, King Abdullah launched the JODI Database in front of 70 Ministers

10. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue A triple development Joint Oil DataInitiative Organisations: APEC, Eurostat, IEF, IEA, OLADE, OPEC, UNSD,Organisations (GECF for gas)

11. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue Jean-Yves Garnier Mieke Reece International Energy Agency The Joint Oil Data Initiative A success story in strengthening international co-operation on statistics

12. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue Extension of the initial questionnaire (from 42 to 128 data points) to capture a full oil balance NGL Naphtha Product transfers Statistical Difference The initial template The extended template

13. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue Launch of a JODI Gas Initiative GECF to collect gas data from its member countries OPEC decided not to participate in JODI Gas Only 24 data points (one product) 1 st JODI Gas conference in Moscow in October 2010

14. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue Request from the IEF Ministerial Meeting in Cancun (May 2010) A draft spreadsheet questionnaire has been prepared The content, the format and the definitions are still under discussion between Partner Organisations One word on JODI Capacity

15. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue Small things which make a big difference

16. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue The Smiley Faces…

17. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue A user friendly web site www.jodidata.org

18. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue A Manual for both data providers and users

19. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue A world wide JODI training programme Internship also available

20. J OINT O RGANISATIONS D ATA I NITIATIVE A Concrete Outcome of the Producer - Consumer Dialogue A few words to conclude Improving transparency does not happen overnight and all parties need to co-operate Thank you Developing the JODI initiative went much beyond data collecting: cooperation between organisations, industry-countries-organisations, raising the profile of statistics and statisticians, harmonisation, etc. A few key words: commitment, compromise, hard work, expertise, political support, a need for driving force Has JODI reduced the oil price volatility? Difficult to answer until full transparency is achieved but one thing is sure, the database is widely used and analysts no longer put the blame on statistics and statisticians… There are still a few major issues: a few countries do not report stocks data for confidentiality reasons, reliability in some key flows and products, etc.