Saudi energy minister on the wires
Saudi output is below 10mbpd
There is cause for cautious optimism in the oil market recovery
Fundamentals are improving
There are concerns that worldwide investment in energy is falling behind supply development needs
OPEC is monitoring markets to evaluate the results of the agreement and will act later
Peak oil demand projections are misguided and say they threaten needed investment
He's speaking at the CERAWeek conference.
