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© OECD/IEA 2013
Monthly Oil Statistics (MOS)
Joint Organisations Data
Initiative (JODI Oil)
Energy Statistics Training
Paris, Oct. 14-18, 2013
Agnieszka Koscielniak
Monthly oil and gas statistics
© OECD/IEA 2013
Why collecting monthly oil data?
Emergency Purposes
Oil and Gas Market Analysis
World-wide Data Dissemination
© OECD/IEA 2013
The IEA monthly data system
MOS
JODI
Emergency data system
(during supply disruption)
© OECD/IEA 2013
JODI Questionnaire
M-1
The IEA monthly data system
Monthly Oil Questionnaire
Revisions to historical data
M-2
© OECD/IEA 2013
Differences between the MOS and JODI questionnaire
Amount of information
Monthly Oil Questionnaire for OECD countries requires more information than JODI.
Monthly Oil Questionnaire
JODI
© OECD/IEA 2013
Differences between the MOS and JODI questionnaire
Submission time
M-2 M-1 Current month
September August July
JODI Monthly Oil
Questionnaire
© OECD/IEA 2013
International Marine
Bunkers
Imports Stock
Change
Recycled
Products
ExportsProducts
Transferred
Gross
Output
Interproduct
Transfers
Refinery Fuel
Inland
Deliveries
Primary
Products
Receipts
Annual and Monthly Oil Statistics
© OECD/IEA 2013
Annual and Monthly Oil Statistics
Gross Inland Deliveries
Total Final Consumption
Transport Sector
Industry Sector
ResidentialCommercialAgriculture
FishingEtc
Distribution Loss
Energy Sector
Transformation Sector
Emergency stock coverage: 90 -days
Monthly Oil Questionnaire
Annual Oil Questionnaire
© OECD/IEA 2013
Paper publications Electronic Form
Monthly Oil Data Service (MODS)
Worldwide oil data dissemination
Monthly Oil
Survey
August 2004
© OECD/IEA 2013
Increasing usage of JODI data in particular for non-OECD countries.
Oil Market Report
The benchmark oil market analysis of where the oil market is today and where it is likely to be heading in 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.
© OECD/IEA 2013
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
It is a concrete outcome of the energy producer-consumer dialogue
oil data transparency
© OECD/IEA 2013
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
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v-0
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DUBAI BRENT WTI
Evolution of oil prices ($/barrel)
© OECD/IEA 2013
OECD vs. non OECD Oil Demand
25
30
35
40
45
50
55
1996 1999 2002 2005 2008 2011 2014
mb/d
OECD Non-OECD
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
OECD6%
China34% Other
Asia
13%
Latin America
11%
Middle East
24%
Other12%
Regional Share of CDU Expansions
Emerging Economies & JODI
© OECD/IEA 2013
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.
Growing JODI importance
© OECD/IEA 2013
Member
countries
Member
countries
Member
countries
Member
countries
Member
countries
Member
countries
Around 100 participating
countries, representing
over 90% of global
supply and demand.
One common JODI questionnaire for all 6 organisations.
How it works
© OECD/IEA 2013
At first: Simple Form – Common Questionnaire 42 key oil data points
Petroleum Products
LPG Gasoline KeroseneGas/Diesel
OilFuel Oil Total Oil
Production Refinery Output
Imports Imports
Exports Exports
Closing Closing
Change Change
Refinery Intake Demand
Crude Oil
Stocks Stocks
© OECD/IEA 2013
2006: JODI extended questionnaire for oil (Maxi-JODI), 2 year trial period, 2008: fully implemented
NGL, Other and Total column added in order to avoid miscounting in Crude Oil production
Kerosene is also used for cooking and lighting in Asia, Africa and Latin America, so the need to differentiate jet kerosene from other kerosene
Addition of a few technical flows to be able to make a full oil balance and consequently better check internal consistency and overall quality
Naphtha accounts for a large share of other products, so the need to have a special column to report it
© OECD/IEA 2013
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
JODI Oil & JODI Gas
© OECD/IEA 2013
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
Outcomes & Achievements
© OECD/IEA 2013
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.
© OECD/IEA 2013
1st JODI Training
------ Aug 2006
------ OLADE
IEFS IEA
OPEC UNSD IMF
Caracas
2nd JODI Training
------ Feb 2007
------ IEFS
Eurostat IEA
OPEC IMF
Johannesburg
4th JODI Training
------ Nov 2008
------ IEFS APEC IEA
Bangkok
5th JODI Training
------ Nov 2009
------ IEFS APEC
Eurostat IEA
Ankara Algiers
3rd JODI Training
------ Oct 2007
------ IEFS
OPEC IEA
UNSD IMF
6th JODI Training
------ Jul 2010
------ IEF
OLADE IEA
Bogota
JODI trainings already held:
7th JODI Training
------ Oct 2012
------ IEF IEA
OPEC
Rabat
© OECD/IEA 2013
What happens to JODI data once submitted :
JODI World Database
Evaluation of JODI data:
• participation
• timeliness
• completeness
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JODI World Database Accessible free of charge, regular monthly updates
2012 – release of the extended JODI World Database
(data from extended JODI questionnaire)
www.jodidata.org
© OECD/IEA 2013
• Ongoing JODI performance evaluation:
data submission, timeliness and completeness
• Ratings: Good , Fair K , Poor
Assessment for the period July –December 2012
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JODI on political agenda:
Meeting of Finance Ministers and Central Bank Governors, Washington DC, April 2011
Importance of JODI Data
© OECD/IEA 2013
Expanding platform of users:
© OECD/IEA 2013
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
© OECD/IEA 2013
Exercise
© OECD/IEA 2013
Exercise JODI.1
Stock Change = Closing stocks’ level – Opening stocks’ level
© OECD/IEA 2013
Exercise JODI.2
Total Kerosene = Jet Kerosene + Other Kerosene
© OECD/IEA 2013
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
© OECD/IEA 2013
Exercise JODI.3
100
100
100
-100 100
The Interproduct Transfer Total should be equal to 0
