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| 20 April, 2018

UAE energy minister says oil prices are not artificially high

Trump's tweet earlier on Friday said oil prices were artificially very high

UAE Energy Minister Suhail bin Mohammed al-Mazroui talks to reporters during the 15th International Energy Forum Ministerial in Algiers, Algeria September 28, 2016.

UAE Energy Minister Suhail bin Mohammed al-Mazroui talks to reporters during the 15th International Energy Forum Ministerial in Algiers, Algeria September 28, 2016.

REUTERS/Ramzi Boudina

JEDDAH: UAE Energy Minister Suhail Mohamed al-Mazrouei said on Friday oil prices were not artificially high and OPEC and non-OPEC countries were playing their role to correct the market.

Mazrouei made his remarks after being asked to comment on U.S. President Donald Trump's tweet earlier on Friday in which he said oil prices were artificially very high. 

"I am not going to comment on what the president said, but definitely we are doing our role to correct the market and the market as we said is not yet balanced and I think this group has a job to do and we are continuing to do our job," Mazrouei said.

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(Reporting By Rania El Gamal Writing By Maha El Dahan; Editing by Susan Fenton) ((Maha.Dahan@thomsonreuters.com; + 9712 4082101; Reuters Messaging: maha.dahan.thomsonreuters.com@reuters.net))