Energy How are African oil producers responding to low prices?

Using satellite data on heat signatures, UBS Evidence Lab tracks natural gas flaring – an indicator of oil production activity.

29 Apr 2020
  • Flare counts in Libya began a steep decline in late December and are down 75% since then, though they have recently shown signs of levelling off.
  • Counts in Nigeria have been falling since early January but have recently seen an uptick.

Natural Gas Flare Counts in Libya

Source: UBS Evidence Lab

Natural Gas Flare Counts in Nigeria

Source: UBS Evidence Lab