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Launch of World Oil Data Delayed Again on Quality Issues

The public launch of global oil data intended to boost crude market transparency has been delayed again, the International Energy Forum said Wednesday.

The leaders of the Group of Eight industrialized nations hoped the Joint Oil Database Initiative, coordinated by the Riyadh-based IEF, would contribute to a cut in oil price volatility.

The data is supposed to provide a monthly snapshot of oil inventories, supply and demand from 93 countries.

Schlumberger

Posted on Thursday, June 30 @ 13:06:00 PDT by Carrie

Most read story about Public Policy; Political and Legal News:
ARE We Out of Gas Yet?

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Re: Launch of World Oil Data Delayed Again on Quality Issues (Score: 1)
by archaen on Friday, July 01 @ 02:11:03 PDT
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Does anyone else think that "It remains the intention that the database will be made available to the public...if all necessary data quality conditions have been met." translates to ""It remains the intention that the database will be made available to the public... if and when the data won't send the world markets into a fear induced coma." ?

Re: Launch of World Oil Data Delayed Again on Quality Issues (Score: 1)
by The_Virginian (cunlingus@clitoris.com) on Friday, July 01 @ 02:40:15 PDT
(User Info | Send a Message) http://www.pistolanddagger.com

not untill they have prepared us with enough stories/hardship first.

then maybe when the SHTF they will admit the obvious truth. :)

Re: Launch of World Oil Data Delayed Again on Quality Issues (Score: 1)
by narragansett2 on Friday, June 02 @ 12:32:39 PDT
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