If the JODI World Database is the visible part of the
Joint Oil Data Initiative, JODI is much more than
collecting and releasing monthly oil statistics. JODI
has played an important role in raising political
awareness of the difficulties encountered in improving
data reliability and timeliness.
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When
Joint Oil Data Initiative (JODI) was first launched in 2001,
the primary goal was not to build a database but to raise the
awareness of all oil market players of the need for more
transparency in oil market data.
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than 90 countries/economies, Members of the six pioneer
organizations (APEC, EUROSTAT, IEA, OLADE, OPEC and UNSD)
participate in the Joint Oil Data Initiative, representing
around 90% of global oil supply and demand.
Since 2001, major progress has been achieved: participating
countries/economies’ submissions are more timely and complete,
and quality improved.
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For more than one year now, the JODI partner
organizations, organize regional training workshops on
JODI. The purpose of these training workshops is to help
participating countries to report better quality data in
the JODI questionnaire; to offer participants an
opportunity to get clarifications about the definitions,
data quality assessment and oil data issues; and to
share their experience on data validation best practices
or data collections issues.
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