UAE pulls out of OPEC in major oil market shift

UAE pulls out of OPEC in major oil market shift

From The Best of the Money Show by Radio 702

April 29, 2026 · 6 min

About this episode

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

Stephen Grootes speaks to Anchor Capital CEO Peter Armitage, about the UAE’s decision to withdraw from OPEC and the wider OPEC+ alliance, unpacking the motivations behind the move, its impact on the power dynamics of the oil cartel, and what it could mean for global energy markets amid a war‑driven energy shock. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.     Thank you for listening to a podcast from The Money Show     Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk     For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe     Subscribe to…

People in this episode

Host: Stephen Grootes

Guest: Peter Armitage

Topics covered

  • UAE
  • OPEC withdrawal
  • oil market
  • energy markets
  • global economy
  • investment opportunities

Keywords

  • UAE
  • OPEC
  • oil market
  • energy shock
  • Peter Armitage
  • Stephen Grootes
  • Anchor Capital

Sponsors

Absa

Mentioned in this episode

Organizations: Anchor Capital, OPEC

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