- Satellite data on flaring can provide an indication of oil-producing activity.
- Daily satellite data suggests activity in the Permian basin, the top-oil-producing region in the US, has dropped nearly 35% y/y.
- Permian flaring has not fallen to zero because existing wells continue to produce.
- Saudi flaring has increased more than 16% y/y.
Permian Basin Weekly Flare Count in 2020 vs. 2019 (% y/y)
Saudi Arabia Weekly Flare Count in 2020 vs. 2019 (% y/y)