Fuelcast: The UAE is leaving OPEC

Fuelcast: The UAE is leaving OPEC

From ABC Business Daily by ABC Australia

April 29, 2026 · 8 min

About this episode

The episode discusses the UAE's departure from OPEC and its implications for the global oil market.

The UAE is leaving the Organization of the Petroleum Exporting Countries (OPEC), marking another shift for a group that once had far greater control over the global oil market. So what does the move mean for oil prices, supply shocks, and the balance of power in energy? Carrington Clarke and Alan Kohler help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily. Got a burning brent crude question? Send an email to Carrington and the team abcbusinessdaily@abc.net.au

People in this episode

Hosts: Carrington Clarke, Alan Kohler

Topics covered

  • UAE
  • OPEC
  • oil prices
  • energy crisis
  • supply shocks
  • balance of power

Keywords

  • UAE
  • OPEC
  • oil prices
  • energy crisis
  • supply shocks
  • brent crude

Mentioned in this episode

Organizations: Organization of the Petroleum Exporting Countries

Places: UAE

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