IDEAS home Printed from https://ideas.repec.org/p/prc/wbrief/ks--2019-wb26.html
   My bibliography  Save this paper

The Challenges in Measuring Global Oil Production

Author

Listed:
  • KAPSARC, King Abdullah Petroleum Studies and Research Center

    (King Abdullah Petroleum Studies and Research Center)

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.

Suggested Citation

  • KAPSARC, King Abdullah Petroleum Studies and Research Center, 2019. "The Challenges in Measuring Global Oil Production," Workshop Briefs ks--2019-wb26, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:wbrief:ks--2019-wb26
    DOI: 10.30573/KS--2019-WB26
    as

    Download full text from publisher

    File URL: https://www.kapsarc.org/research/publications/the-challenges-in-measuring-global-oil-production/
    File Function: First version, 2019
    Download Restriction: no
    File URL: https://libkey.io/10.30573/KS--2019-WB26?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Oil Data; Oil Production; Oil Exports; Tanker Tracking;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prc:wbrief:ks--2019-wb26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael Gaffney (email available below). General contact details of provider: https://edirc.repec.org/data/kapsasa.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.