Energy How is oil production trending around the world?
UBS Evidence Lab uses natural gas flare counts to estimate oil production in real time.
- 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.
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Natural Gas Flare Counts in the Permian Basin
Source: UBS Evidence Lab
Natural Gas Flare Counts in Libya
Source: UBS Evidence Lab
