• Focus Area Future of Global Oil Markets Future of Global Oil Markets
  • Type Workshop brief
  • Date 12 September 2019
Print

Abstract

Timely and accurate oil production data is critical for understanding both the short-term oil market and for global energy balances. In the absence of reliable official data from many key oil producing countries, oil market analysts rely on a range of independent estimates, including those from media and energy organizations and consultants. The OPEC Secretariat uses six of these organizations which it terms ‘secondary sources’: the International Energy Agency, the Energy Information Administration, Platts, Argus, Energy Intelligence and HIS-CERA. Other ‘third-party’ organizations that monitor oil production include, inter-alia, Bloomberg, Reuters, the Middle East Energy Survey (MEES) and Energy Aspects. Many of the current data providers, notably media organizations, tend to focus on month-end snapshots, leaving larger energy organizations and consulting firms to provide more accurate data on energy balances, which are revised over time.

Share this Publication

Stay informed

 I'm interested in

Select the updates you'd like to receive from us

About

A bit about you