Regulators urged to adopt real-time petroleum intelligence
Petroleum regulators in West Africa have been urged to embrace digital market intelligence platforms to improve transparency and access to real-time inform Read More: https://punchng.com/regulators-urged-to-adopt-real-time-petroleum-intelligence/
Petroleum regulators in West Africa have been urged to adopt digital market intelligence platforms to enhance transparency, price discovery, and access to real-time data in the downstream oil market. Jeremiah Olatide, CEO of Petroleumprice.ng, made this call at the Owari Executive Market Intelligence Forum 2026 in Lagos. Olatide emphasized the importance of timely and reliable information for traders to make commercial decisions and prevent significant financial losses due to misinformation.
Digital platforms could address the lack of transparency and real-time information in the petroleum market by providing data that could be utilized in daily operations. The need for digital market intelligence is particularly crucial as the market evolves, with participants requiring a better understanding of prices and the factors influencing them.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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