Owari Launched West African Oil Market Platform
The new intelligence dashboard helps traders monitor stock levels and arbitrage curves for offshore West African cargoes.
Updated on Oct. 3, 2026 in Oil and Gas
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Owari has introduced a centralized intelligence platform designed to streamline data access for West African oil markets. The software provides real-time visibility into stock levels, pricing, and arbitrage curves for gasoline and middle distillates.
Why it matters
Market participants currently face long delays in gathering information on offshore coastal loading, which complicates essential cargo routing decisions. This tool aims to resolve visibility gaps by aggregating scattered data into a single dashboard.
Union Brokerage has operated in the region for over 10 years. The platform supports traders by calculating curves against ICE gasoil and EBOB benchmarks, though specific platform user fees remain unknown.
The players
Owari
A market intelligence provider that creates data dashboards and analytics software for the oil and gas industry.
Union Brokerage
A brokerage firm with over a decade of experience in West African gasoline and middle distillate trading markets.
Ardova Plc
An integrated energy company that acts as a participant in West African oil trading activities.
The details
The platform centralizes price, stock, and physical trading data that were previously siloed, reducing the time required for cargo route planning. It automates calculations for arbitrage levels and market curves, benchmarking regional figures against international standards like ICE gasoil and EBOB. It also accounts for local currency volatility by tracking Nigerian prices in naira alongside dollar-denominated wholesale pricing.
Timeline
September 22, 2026: The Owari platform was introduced at the Executive Market Intelligence Forum.
Market Landscape
The platform functions by mapping regional West African trading activity directly against global benchmarks like ICE gasoil and EBOB. This approach follows an industry trend toward digitizing complex, fragmented regional supply chains to increase transparency and lower routing costs.
Operators dealing in gasoline or distillates should evaluate whether centralized dashboards can reduce the labor time spent on manual data aggregation. Those managing cross-currency risk between naira-quoted retail sales and dollar-wholesale imports should monitor how this tool updates those price relationships.
The takeaway
The move signals a shift toward digitizing manual information gathering in frontier oil markets. Traders should monitor the platform's accuracy against actual landing costs to determine if the data is a reliable proxy for their own cargo routing decisions.
Further reading
For broader trends in sector data management, see our coverage in Oil and Gas.
Source note: This article includes information reported by Businessday NG.
Live Poll
Do you believe centralized digital data platforms improve efficiency in regional commodity markets?
