Tanker market to take 2-3 months to recalibrate following Ukraine invasion: executive

The oil tanker industry will see a return to higher activity and longer average distances once the sector reorganizes trade routes as a result of Russia’s invasion of Ukraine but greater clarity will take at least two months, the CEO of tanker firm Euronav said March 29. Russia’s crude oil exports typically amount to about 4.6 million b/d with 2.5…