Is Demand Rebound a Coupling of COVID?

We were flirting above pre-COVID levels back in 2021, right before China had the lockdowns and Shanghai in March and April of 2022. So having China come back is really significant. And we'll push this even above the 2021 levels that were achieved during the summer of 2021. But on the other side, you have Europe experiencing one of the warmest winters on record. That's pushed energy prices, much lower natural gas as well as oil prices.