A Vial of Hypostatic Oil in the Smiths' Gallery (teleporter is at ( 387, 15, 170 ) Copy/waypoint 387, 15, 170 on the top floor of the main library) or the Crafters' Gallery. They are usually just sitting around on the ground. Not specifically next to any crafting table, just anywhere.
Gather 7 Runes of Obeisance in the South Wing Catalog (Top Floor ( 380, 15, 205 ) Copy/waypoint 380, 15, 205 ) or in the Grand Librarian's Office ( 430, 15, 241 ) Copy/waypoint 430, 15, 241These are randomly distributed around the room, but unlike the one depicted in the screenshot here, they were all black.
Speak with Maelin Starpyre near the Mural of the Planes, on the ground floor in the large central area at ( 247, -7, -24 ) Copy/waypoint 247, -7, -24
Place the 7 runes on the mural symbols in the circles in the centre of the Myrist Main Stacks room where you are currently located.