• Sees signs of demand improvement

Oil has caught a bid on these headlines. There is a sense in the market lately that OPEC has reached the limits of what it can accomplish and that there's the threat of a war for market share in 2024 if US production continues to grow.

“I honestly believe that 2.2 million will overcome even the usual inventory build that usually happens in the first quarter," he said.

Here is the full interview.

In separate news, Russia's Putin will visit Saudi Arabia and the UAE this week.