The Joint Organisations Data Initiative is a concrete outcome of the producer-consumer energy dialogue. The importance of exchanging data as a means to enhance transparency of global energy commodity markets is recognized by IEF Energy Ministers as being beneficial to energy security and in the interest of producers and consumers alike. The initiative relies on the combined efforts of producing and consuming countries and the seven JODI partner organisations to build the timely, comprehensive, and sustainable energy data provision architecture which is a prerequisite for stable energy commodity markets. By helping to mitigate some of the uncertainties that may be detrimental to market functionality, JODI aims to moderate undue price volatility, thereby increasing investor confidence and contributing to greater stability in energy markets worldwide.
In response to a call for improved oil data transparency by Energy Ministers at the 7th IEF Ministerial in 2000 in Riyadh, six pioneering organisations (APEC, Eurostat, IEA, OLADE, OPEC and UNSD) collaborated in the development of the Joint Oil Data Exercise. As the process gathered momentum, the Joint Oil Data Initiative was established as a permanent mechanism. In January 2005, following enthusiastic endorsement by Energy Ministers, the IEF secretariat assumed responsibility for coordinating JODI. In November 2005, the JODI partner organisations unveiled the JODI Oil World Database to the public (www.jodidata.org), marking a key milestone on the path to improved transparency.
The JODI partners' successful establishment of oil data provision architecture inspired IEF Ministers to call for an extension of the Initiative to cover natural gas (JODI Gas) and annual data on upstream and downstream capacity and expansion plans (JODI Investment). To accommodate progress on these new challenges beyond oil data transparency, the seven JODI partner organisations have now rebranded JODI as the Joint Organisations Data Initiative.
The Initiative's oil database (JODI Oil) provides reliable, freely accessible and comprehensive statistics unlike any other in the world. Through the use of nationally-sanctioned data, which can be difficult if not impossible to access through alternative avenues, JODI offers global coverage of oil consumption and production on a monthly basis.
JODI partner organisations continue their work on the entire data chain to improve the completeness, timeliness and reliability of the data they submit. The JODI website has continuously improved its ease of use and accessibility. JODI Gas and JODI Investment are both works in progress and at very early stages of development. With the support of Ministers, participating countries and industry the partner organisations will endeavour to deliver the requirements of an extended JODI without compromising the quality of their current product.