ICYMI - Saudi oil minister says OPEC has a role in taming inflation. A hint of more supply coming?

Comments Wednesday US time from Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman.

He said of OPEC that:

• "We have also a role in taming and containing inflation, by making sure that this market doesn't get out of hand"

He did hedge somewhat:

• its not clear whether oil prices are gaining due to "real supply and demand"
• or because of "expectations and trajectories that are excessively optimistic"

Info source

His remarks come ahead of next week's OPEC+ meeting

• The Organization of the Petroleum Exporting Countries and allies (Russia the biggie amongst these)
• meet on July 1

Earlier posts on what is expected from next week's meeting:

• Oil - OPEC+ meeting next week - murmurs of an increase in supply (from August)
• OPEC forecast US oil production to rise 500K to 1.2m bpd next year
• Russia is reportedly considering proposing an increase in oil production
• Oil analysts says OPEC+ needs to urgently increase supply