International Energy Agency

Please refer metadata information related to this dataset pulled from CUPID database - https://datapipeline.knoema.com/jlwqreb/lme-closing-price-last-trading-price-metadata-from-cupid

Key World Energy Statistics contains timely, clearly presented data on the supply, transformation and consumption of all major energy sources for the main regions of the world, in addition to energy indicators, energy balances, prices, RDD and CO2 emissions as well as energy forecasts.

Data is collected from central or federal government budgets, as well as the budgets of state-owned companies, for spending on a range of sectors including energy efficiency, renewables, nuclear power, fossil fuels, hydrogen and fuel cells, and more. All figures refer to total public energy RD&D expenditure data, converted from current prices in national currencies to US dollar PPPs in constant 2022 prices, using GDP deflators and 2022 PPPs. Note- 2022 and 2023 data are estimation by the countries

IEA member countries’ closing oil stock levels in days of net imports monthly data. Each IEA member country, excluding net exporters (Canada, Denmark and Norway), has an obligation to have oil stock levels that equate to no less than 90 days of net imports. The IEA minimum stockholding obligation is based on net imports of all oil, including both primary products (such as crude oil, natural gas liquids [NGLs]) and refined products. It does not cover naphtha and volumes of oil used for international marine bunkers. The 90-day commitment of each IEA member country is based on average daily net imports of the previous calendar year. This commitment can be met through both stocks held exclusively for emergency purposes and stocks held for commercial or operational use, including stocks held at refineries, at port facilities, and in tankers in ports. The obligation specifies several types of stocks that cannot be counted toward the commitment, including military stocks, volumes in tankers at sea, in pipelines or at service stations, or amounts held by end-consumers (tertiary stocks). It also does not include crude oil not yet produced. Member countries can arrange to store oil outside of their national boundaries and include such stocks in meeting their minimum requirement. This option is particularly important for countries in which storage capacity constraints or supply logistics make domestic storage insufficient. To exercise this option and count the stocks held abroad toward the obligation, the governments involved must have bilateral agreements assuring unconditional access to the stocks in an emergency. When evaluating a country's compliance with the 90-day obligation, the IEA applies a 10% deduction to its total stocks, net any oil held under bilateral agreements. This accounts for any volumes that are technically unavailable (such as tank bottoms).

The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. IEA (2023), Oil Market Report - December 2023, IEA, Paris https://www.iea.org/reports/oil-market-report-december-2023

Japan: International Energy Agency Statistics published by the IEA with a breakdown of electricity and heat production in Japan.