In a dramatic turnaround from little more than a week earlier, Tripoli-based National Oil Corporation (NOC) lifted force majeure on four key oil export terminals. This paves the way for an increase in production in the coming days, likely approaching year-to-date peaks of around 1mn b/d later in the month.

Force majeure has been lifted on the Es Sider, Ras Lanuf and Zueitina terminals on the Oil Crescent in the east of the country and the Hariga terminal in the far northeast. NOC announced...