World Oil Data Delayed  

Schlumberger reports that a Saudi based effort to provide better quality data about the global oil industry has been delayed due to quality issues. I wonder if we'll see a critique from the ASPO or ODAC when the figures are finally released ?

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.