Energy What does flaring data tell us about oil prices?

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

15 May 2020
  • Flare counts in Russia have fallen by about half since the end of December, with a particularly steep decline since late April.
  • In Iran, counts have been falling steadily since mid-2019 but also saw the decline steepen starting in late April.

Natural Gas Flare Counts in Russia

Source: UBS Evidence Lab

Natural Gas Flare Counts in Iran

Source: UBS Evidence Lab