Tanker markets are set for an upturn later this year as analysts predict more oil shipments amid brightened demand prospects.

With mass Covid-19 vaccination in the US and some other major economies, Opec and the International Energy Agency (IEA) have hiked their oil consumption forecasts recently.

Omar Nokta is an analyst with Clarksons Platou Securities. Photo: Marine Money

The IEA predicts global consumption to average 96.7m