Here's How Oil Demand is Evolving in the Post-Pandemic World

The COVID-19 pandemic led to an unprecedented collapse in oil demand as global lockdowns kept people indoors, halted industrial production and grounded flights. Oil prices even briefly turned negative in April 2020, reflecting the scale of the crisis. However, as economies reopened, oil demand rebounded sharply. Today, nearly five years after the pandemic, the world’s energy landscape is still adjusting to new realities.While some predicted that the pandemic would accelerate the transition to renewable ener ...