April 28, 2021 — 2020 was an unprecedented year for the oil and gas industry and a historic time for the world. The COVID-19 pandemic dampened oil demand, prices and production, while oil-dependent countries experienced negative impacts on their revenues and national budgets. The World Bank’s 2020 Global Gas Flaring Tracker, a leading global and independent indicator of gas flaring, found that from 2019 to 2020, oil production declined by 8 percent, while gas flaring dropped by 5 percent. Nonetheless, the world still flared enough gas to power sub-Saharan Africa. The United States accounted for 70% of the global decline, with gas flaring falling by 32% from 2019 to 2020, due to an 8% drop in oil production, combined with new infrastructure to use gas that would otherwise be flared.