A new model for the speed of propagation of kinematic waves in vertical upward, bubbly oil-in-water flows has been proposed. The new kinematic wave model has been used in conjunction with (i) appropriate values for the 'distribution parameter' C-0, the single-droplet terminal rise velocity nu (t0) and an exponent n, obtained from a drift velocity model; (ii) a statistical relationship for the quantity alphaU(h)(dC(0)/d alpha); and (iii) measurements of a cross correlation velocity U-cc and the volume fraction of oil a to make predictions of the superficial velocities of the mixture, the oil and the water in vertical upward, bubbly oil-in-water flows. The systematic errors in these predicted values of the superficial velocities of the mixture, the oil and the water were 0.16, - 0.04 and 0.04%, respectively. The kinematic wave model can thus be used in conjunction with a cross correlation flow meter for accurate measurement of flow rates in vertical oil wells. It was inferred from the kinematic wave model and the experimental data that, for low values of the volume fraction of oil alpha, the distribution parameter C-0 decreases rapidly with increasing alpha. At higher values of a the decrease in the value of C-0 with increasing alpha is less marked. This result is consistent with the physical explanation that, at low values of alpha, the oil droplets tend to preferentially accumulate in the relatively fast moving regions of the flow. As alpha increases the oil droplets become more uniformly distributed amongst the faster and slower moving regions of the flow.