Regulators urged to adopt real-time petroleum intelligence

Regulators in West Africa have been urged to adopt digital market intelligence platforms to improve transparency, price discovery, and real-time information in the downstream oil market. Jeremiah Olatide, CEO of Petroleumprice.ng, made the call at the Owari Executive Market Intelligence Forum 2026 held in Lagos, emphasizing the importance of timely and accurate data for traders and other industry participants.

Olatide stressed that digital platforms could help address the lack of transparency in the petroleum market by providing crucial information that traders rely on daily, noting that misinformation could have significant financial consequences.

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