What is the JODI Oil World Database?
When the Joint Organisations Data Initiative Oil (JODI Oil) was first launched in 2001, the primary goal was not to build a database but to raise the awareness of all oil market players to the need for more transparency in oil market data.
The first priority of the six organisations was to assess the oil data situation in their respective member countries in order to better qualify and quantify the perceived lack of transparency. The assessment included the collection of monthly oil statistics from each organisation's member countries by means of a harmonised questionnaire on 42 key oil data points.
(See also 'JODI Questionnaire' section).
As the process gathered momentum, with more countries participating, the quality, timeliness and completeness of submissions all improved. As the scale of the initiative and global interest in it continued to grow it was clear that the information had to be made available in a compatible form: The JODI Oil World Database was born.
Participants in the 5th JODI Conference in October 2004 then strongly recommended that this joint global database should be made freely accessible to all – organisations, countries, industry, analysts and others.
From concept to launch
Transparency does not happen overnight and despite the significant progress achieved since its inception, the database is still far from perfection. The IEF Secretariat, which took over the co-ordination of JODI in January 2005, and the six other partner organisations are fully aware of the limits and limitations of the database at this stage of its development. However, since transparency is central to the initiative, the organisations have undertaken to respond positively to the request expressed at the 5th JODI Conference that the database be made accessible to the public.
The organisations agreed to open the JODI Oil World Database to the public on the occasion of the inauguration of the IEF Secretariat premises by the Custodian of the Two Holy Mosques, King Abdullah Bin Abdulaziz Al-Saud on 19 November 2005. This decision was taken with the full knowledge that users might be disappointed, as not all the data for all the flows, products and countries are always available.
The JODI Oil World Database
This database should in no way be seen as a final product. The database evolves continuously. The quality of the data is assessed on a continuous basis too (see also 'Database' section). Other flows already collected through the JODI questionnaire, such as imports and exports, will be included at a later stage. Making the data available was only the first step towards more transparency.
The database consists of:
- Seven product categories: Crude Oil, LPG, Gasoline, Kerosene, Diesel Oil, Fuel Oil and Total Oil,
- Eight flows: Production, Demand, Refinery Intake and Output, Imports, Exports, Closing Stock Levels and Stock Change.
- Data in three differentunits: barrels, tons and litres
- Data for more than 90 participating countries
- Data from January 2002 to one month-old.
The current features of the database enable users to quickly access and view data from different perspectives. Users can consult metadata, select and filter user-defined views, search for specific data, export data in multiple formats and visualize data through interactive charting (see also 'First Time Users').
Also a unique colour cell feature provides users with information on comparability of data with other sources.
View of the on-line JODI World Database
The participants in the 6thInternational JODI Conference, that took place in Riyadh in November 2006, identified a list of prioritised actions to be taken to further improve data quality and extend the Initiative. These actions are:
- To continue to improve completeness, timeliness and reliability of the data;
- To work more closelywith a wider range of both data providers and users in order to improve the usefulness of the Initiative and the entire database;
- To extend the JODI questionnaire by disaggregating the existing flows and products.
Following the recommendations of the 6th International JODI Conference to extend the format of the JODI questionnaire in order to give a more complete picture of the oil industry allow for a more accurate supply/demand picture, the JODI partner organisations prepared an extended JODI questionnaire with additional flows and products. Having conducted a trial exercise over two years using the extended format to collect monthly oil data, the JODI partner organisations concluded that the extension is feasible. The 7th International JODI conference endorsed full utilisation of the extended format and the seven JODI organisations adopted the extended JODI questionnaire as a permanent format. The JODI organisations have begun collecting data from their member countries in the new format, and the IEF has been gathering this larger dataset from the JODI partner organisations since January 2010.
The organisations are very committed to these objectives but they cannot do it alone. They need full co-operation from countries and the oil industry. They also need comments from the users, be it praise or criticism and of course any suggestions are welcome.
The opening of the JODI Oil database to the public was not the final goal of this initiative, it was just the beginning.