UAE OilMin: not targeting a price, we are targeting a balance - RTRS

UAE Energy Minister Suhail bin Mohammed al-Mazroui was out on the wires in the last minute, via Reuters, saying that oil undersupply is their main worry.

Additional quotes:

   •  OPEC no longer solely responsible for fixing oil market
   •  We are not targeting a price, we are targeting a balance
   •  We are not seeing the right level of investment at current oil price
   •  Increase in trust being seen between OPEC/non-OPEC producers