Energy Markets, Data & Transparency
Dialogue and collaboration on energy market trends, data and transparency, as well as specific topics of investment, available spare capacity, inventories, and collective emergency response to disruptions are all critical components to energy security and market stability.
The IEF continues to work with its Member Countries, industries, and partner organizations to deepen collective insight and take the energy dialogue forward on a steady heading in a rapidly changing risk environment.
Energy producers and consumers share a growing responsibility to maintain global energy market stability and cushion excessive market swings. Global economic shifts continue to move the center of gravity in global energy markets from the Atlantic to the Pacific regions.
Growing volumes of energy products, goods, and services traded across more borders creates new risk to energy market stability as installations along lengthening energy supply chains and networks prove more vulnerable to cybersecurity threats, international tensions, and conflict. Dialogue and collaboration among producer and consumer countries on emergency preparedness and response measures, including data transparency on spare capacity and strategic stocks, helps to keep market volatility at acceptable levels, and allows for prompt and adequate responses to future market shocks and disruptions.
The IEF is the home of the Joint Organizations Data Initiative (JODI) a comprehensive database that consolidates key monthly energy supply and demand indicator. JODI is the result of the combined efforts of the eight partner organizations (APEC, EUROSTAT, GECF, IEA, OLADE, OPEC, and UNSD) and more than 100 national administrations and industry stakeholders. Public access to well-defined, timely, and complete energy data will reduce uncertainty and facilitate stable energy markets. JODI improves the comparability and consistency among a wide range of public and private data sources thus strengthening the information available to decision-makers.
IEF Annual Energy Outlook Symposium
An IEF flagship event is the IEF-IEA-OPEC Annual Energy Outlook Symposium held in Riyadh, Saudi Arabia in February of each year as part of the collaboration in the trilateral work program with the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) to enhance understanding of short-, medium-, and long-term energy market and policy developments as well as physical and financial energy market interactions. The outlook symposium includes presentations from OPEC and IEA as well as from energy companies, analysts, ministers and other stakeholders. In conjunction with the outlook symposium, the IEF hosts additional events with the European Union, IRENA and KAPSARC on clean energy, sustainability, energy technologies and other key issues.
The quality of producer-consumer dialogue relies on readily comparable data, similar outlook timeframes and transparent projection methodologies and assumptions. The IEF and Resources for the Future (RFF) prepare a definitive Annual Comparative Analysis Report of the short-, medium-, and long-term energy outlooks published by IEA and OPEC. The report serves to inform the discussion at the IEF Annual Energy Outlook Symposium in February of each year. Over the past decade, the IEF, IEA and OPEC have strengthened their commitment to progress on data harmonization and comparability of outlooks to better inform policy makers and global markets. An additional outcome of the IEF-RFF partnership is a new Global Energy Outlook (GEO) interactive data tool developed by RFF available here and on the RFF website. The GEO further expands the comparative analysis to include outlook projections from the US Energy Information Administration, energy companies and other groups.