OPEC is desperate. 20% of vehicles sold globally last year were EVs and hybrids (to a lesser extent). The world is getting off of oil and the sandbox is not prepared for life after. A petrodollar was always to become irrelevant if climate goals were to be met.
https://www.cnbc.com/2024/06/13/opec-calls-for-more-fossil-f...
https://www.iea.org/news/slowing-demand-growth-and-surging-s...
https://about.bnef.com/blog/electric-cars-have-dented-fuel-d...