UAE's Energy Minister: Don't want oil price that threatens world economic growth

The United Arab Emirates' (UAE) Energy Minister Mazrouei is out on the wires sharing his take on oil price, its impact on the global economy and Qatar's exit from the Organization of the Petroleum Exporting Countries (OPEC). 

Key quotes

Don't want an oil price that threatens the world economic growth. 

OPEC has stopped chasing price, as it is not logical and practical. 

Not worried about Qatar's decision to exit the OPEC, as it has no significant capacity.