OPEC Oil Production Data: The Role of Secondary Sources

Paul Mollet and Saleh Al Muhanna
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Saleh Al Muhanna: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: OPEC oil production data is a key to understanding not just global energy balances but also the international oil market. Historically, most OPEC oil production figures are opaque as governments either consider them to be confidential and do not publish the data or publish numbers that many analysts consider to be unreliable. The OPEC Secretariat publishes production data on the basis of estimates produced by ‘secondary sources.’ These include S&P Global Platts, Argus Media, Energy Intelligence Group, IHS-Markit, the Energy Information Administration (EIA) and the International Energy Agency (IEA). Even though the OPEC Secretariat makes it clear that its data comes from such secondary sources, its production figures are often mistaken as primary data.

Keywords: Oil production; OPEC; Secondary sources (search for similar items in EconPapers)
Pages: 24 pages
Date: 2018-11
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https://www.kapsarc.org/research/publications/opec ... f-secondary-sources/ First version, 2018 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks-2018-dp40

DOI: 10.30573/KS--2018-DP40

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