Recently, the global oil tanker market has begun to bottom out.

The US investment research institute Marketscreener reported on December 15 that the demand for tankers has begun to pick up recently, mainly due to the recovery of the Asian economy. Refineries in the region have been purchasing large quantities of crude oil from the Middle East, West Africa and Europe.

The investment research institution believes that although the world is experiencing the second round of the impact of the new crown epidemic, oil consumption is still recovering at a relatively good rate. It is expected that by the second half of next year, the global oil consumption level will be basically the same as before the epidemic.