The conflict-torn country has seen oil production collapse to less than a quarter of its capacity of around 1.5 million barrels a day following attacks by Islamic State and rival governments struggling for control over natural resources. A resolution of the conflict, however, could quickly see the country’s output double, rekindling fears of a supply glut in the already-volatile oil market, said Christof Rühl, global head of research at ADIA, the Abu Dhabi Investment Authority.

When asked what’s the biggest risk to the oil market is he said: “The situation in Libya.”