The Joint Oil Data Initiative (JODI) is a collaborative effort aimed at improving the transparency and reliability of global oil data. It was established in 2001 to provide a platform for countries to share their oil production, consumption, and inventory statistics. By standardizing data collection and reporting, JODI helps to enhance the understanding of oil markets and supports informed decision-making. JODI involves participation from various countries and organizations, including the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC). The initiative encourages member countries to submit their oil data regularly, fostering greater accountability and cooperation in the energy sector.