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.
DMEA - Downstream Middle East & Africa15 August 2018, Week 32, Issue 368Saudi Aramco provided yet another indication of the company’s burgeoning petrochemicals ambitions in early August. The move supersedes[…]