Energy How is oil production trending around the world?

UBS Evidence Lab uses natural gas flare counts to estimate oil production in real time.

28 May 2020
  • Flare counts in the Permian Basin continue to drop.
  • Reports in the press have indicated that Libya planned to increase production; however, UBS Evidence Lab data shows a decline in flaring counts.

Natural Gas Flare Counts in the Permian Basin

Source: UBS Evidence Lab

Natural Gas Flare Counts in Libya

Source: UBS Evidence Lab