OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy.
OPEC+ curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.
US and the West enacted sanctions on Russia that also curb the oil production and causing a havoc in the energy market for the past few months.
There are many reasons why blaming someone else for your problems is called narcissism, denial, and projection. It's also merely an intense form of self-absorption and selfishness. After all, it's much easier to throw your problems onto someone else rather than reflect inwards.
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