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:

opec+ key players russia saudi