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.

Newsquawk StaffPublished 13 May 2026, 15:59 UTCOn the live feed at 15:39 UTC — 5 more headlines followed before this page went public

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The House Financial Services Committee is taking up a bill that would amend the Federal Reserve Act to eliminate the dual mandate and focus only on price stability

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

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US sells 17-wk bills at high-rate 3.615%, B/C 3.20x

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European Closes: Euro Stoxx 50 +1.02% at 5,868, Dax 40 +0.61% at 24,102, FTSE 100 +0.58% at 10,325, CAC 40 +0.35% at 8,008, FTSE MIB +1.00% at 49,481, IBEX 35 +0.46% at 17,655, PSI +0.24% at 9,072, SMI +0.71% at 13,213, AEX +1.07% at 1,010

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Context

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.

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