Launch of World Oil Data Delayed Again on Quality Issues

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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