Qatar OilMin: Oil market is advancing and on the way to a recovery

Qatar oil minister crossed the wires via Livesquawk, posting optimistic remarks on the oil markets.

Key Quotes:

Market is on the right track to rebalancing in the second half of the year

The oil market is advancing and on the way to a recovery

While separately, Saudi Aramco's CEO hit the wires, noting that he expects oil demand to increase by 1.2mbpd this year