Libya's NOC Chairman says he expects the Ras Lanuf refinery (220k BPD) to restart in six months to one year

Libya's National Oil Corporation (NOC) Chairman anticipates the Ras Lanuf refinery will restart production in six months to a year, which could impact oil supply dynamics given its capacity of 220k BPD. If realized, this restoration may alleviate some supply constraints in the market but could also signal a potential increase in production that might weigh on prices, depending on overall global demand conditions. Traders should monitor how this development interacts with other supply narratives and geopolitical factors affecting oil prices.