Introduction: The COVID-19 pandemic brought the world to a standstill, impacting numerous industries and causing an unprecedented decline in global oil demand. However, as the world recovers from the pandemic, a remarkable resurgence in oil demand is being witnessed, leading to a surge in global oil prices. In this blog post, we will explore the factors behind this rebound and its implications for the global economy. Economic Recovery and Increased Demand: As vaccination campaigns progress and countries gradually reopen their economies, there is a significant rebound in economic activity worldwide. Industries that heavily rely on oil, such as transportation and manufacturing, are once again operating at full throttle, increasing their demand for petroleum products. The resumption of international travel and the return of commuting patterns have also contributed to the surge in oil demand. Supply Constraints: While demand has been rising, oil supply has faced constraints due to severa