Saudi Arabia's regional HQ program is driving a surge in commercial office demand: Knight Frank
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Yahoo
8 hours ago
- Yahoo
What To Expect From Monday's OPEC+ Meeting
OPEC+ looks set to stay the course at Monday's Joint Ministerial Monitoring Committee meeting, with four anonymous delegates telling Reuters the group is unlikely to tinker with its output policy. A fifth source said it was too early to say. The plan on the table remains: raise production by 548,000 barrels per day in August—part of a previously announced unwinding of 2.2 million bpd in voluntary cuts by eight members. At face value, it's a logical move to regain market share while summer demand props up prices. But before anyone starts pricing in those extra barrels, a note of caution: these unnamed 'sources close to the matter' have been off the mark before—and not infrequently. The group itself hasn't commented directly ahead of the meeting. And as some analysts have wisely pointed out, actual production doesn't necessarily reflect production plans. The broader signals from OPEC+ in recent months suggest a carefully calculated pivot. The Saudi-led bloc had been curbing supply for years to support prices, but now—with U.S. gasoline costs under scrutiny and Washington pressuring for more output—it's finding a new equilibrium. The UAE's early delivery of its 300,000 bpd quota boost is emblematic of this shift. Even with these planned increases, oil prices remain rangebound. Brent was hovering around $69 on Friday—not exactly bullish, but not falling apart either. That's partly because not all members have actually met their hike targets, blunting the impact of quota expansions. OPEC's own monthly outlooks paint a balanced picture. The group expects solid demand through the second half of 2025, buoyed by travel and petrochemical growth, particularly in Asia. Yet it also flags persistent uncertainty—soft economic data, slowing Chinese momentum, and EV uptake all threaten demand stability. So, while the JMMC may recommend no change on Monday, take the whispers with a dose of skepticism. As always with OPEC+, the real policy signal often arrives only when the barrels—or lack thereof—hit the water. By Julianne Geiger for More Top Reads From this article on
Yahoo
a day ago
- Yahoo
Newcastle owners admit DEFEAT over Liverpool's Alexander Isak deal
Newcastle could be forgiven for being quite mad at the current situation they find themselves in. Granted, the club managed to land Anthony Elanga - improving their wing options - but they have come up short in the window elsewhere. LFC Kits Shop Now LFC x New Era Shop Now LFC Signed Merch Shop Now LFC x Titleist Shop Now They have been unable to add to their strikers - first losing out to Chelsea for Joao Pedro and then seeing Liverpool swoop for a priority target. Hugo Ekitike, 23, was the subject of an approach from the Geordies earlier this week but Eintracht Frankfurt were unconvinced. Liverpool move into position for Isak Liverpool needed no further encouragement - swooping decisively for an initial £69m deal. And now they face ANOTHER threat from the Reds - this time for Alexander Isak. The 25-year-old has made it quite clear he now wishes to leave St. James' Park - declining the Magpies' attempts to tie him down to a new deal. Liverpool are poised to strike; having broken the British transfer record once this summer for Florian Wirtz, Richard Hughes is ready to do it all over again. It would take £130m for Liverpool to land Isak - not to mention the £300k per week that the player would demand. But with his mind seemingly made up, Newcastle can either face the prospect of selling the Sweden international or hanging on forlornly to a very unhappy player. There is an alternative emerging for the North East club however - and one which demonstrates just how far they are prepared to go to keep Isak out of Liverpool's clutches. PIF want to buy Isak for Al-Hilal PIF-owned Newcastle have got several sister clubs in the Saudi Pro League - including Al-Hilal. Now it's being reported in TBR Football that PIF - the Saudi wealth fund - are trying to convince Isak to move to Al-Hilal instead of Liverpool. 'PIF want Alexander Isak to consider a move to the Saudi Pro League this summer,' the report reads. 'Al Hilal and PIF are prepared to pay £150 million to bring Alexander Isak to the Middle East this summer.' © IMAGO - Alexander Isak Liverpool The writing is on the wall for Newcastle Isak is unlikely to be swayed by the attempts to lure him to the Middle East. He is one of the world's foremost striking talents and DESERVES to be playing at the very highest level. Liverpool can guarantee that. The player has NOT travelled to Asia as part of Newcastle's preseason tour - where they play Arsenal, a K-League XI and Spurs. Instead he is nursing what is officially being described as a minor thigh injury while his future is being sorted out. Try as they like, Newcastle might have designs on keeping Isak or else limiting the damage of his departure by selling out of the Premier League. But player power is key. All Liverpool are waiting for is a sign that Isak wants to come to Anfield. Then it will be time to break Newcastle's hearts all over again. **👉 **Liverpool set to increase transfer budget by £200m 🔗
Yahoo
a day ago
- Yahoo
Liverpool forward could MOVE after Saudis trigger €65m deal
The Saudi Pro League has not had the same kind of impact in this transfer window as it has done in the last few years. Where once the likes of Cristiano Ronaldo, Karim Benzema and Sadio Mane led the list of high-profile incomings, there has been a shortage of star names moving to Saudi Arabia during the current transfer season. LFC Kits Shop Now LFC x New Era Shop Now LFC Signed Merch Shop Now LFC x Titleist Shop Now Of course, Saudi clubs have got their eyes on a couple of prized assets at Liverpool. Luis Diaz, 28, is wanted by Al-Nassr - who are willing to part with €100m to land the Colombian - but his preference right now would appear to be Bayern Munich. Then there's Darwin Nunez. The Uruguayan striker, 26, is believed to favour a move within Europe but is seeing his options dry up as the window goes on. Diaz and Nunez wanted in Saudi Arabia He would have no problem gaining a rich contract in the Middle East should he choose to accept the move with Al-Nassr and Al-Hilal both keen on the Liverpool No9. Both players are going to see their opportunities restricted if they end up staying at Anfield through the summer as big-name arrivals including Florian Wirtz and Hugo Ekitike have all but secured their spot in Arne Slot's XI. So no doubt they will be hoping to land elsewhere - and the list of possibilities even includes Saudi Arabia. One team in the region which HAS managed to land its No1 target however is Al-Qadsiah. Flush with PIF cash, Al-Qadsiah have just completed a record deal which could end up having a big impact at Anfield. Retegui sale opens space at Atalanta Mateo Retegui, 26, has moved from Atalanta to Al-Qadsiah for €65m, becoming the league's flagship arrival of the summer. And his somewhat unexpected departure has opened the door for Atalanta to complete several deals. The club were previously reported to be in the hunt for although the winger's £120k per week salary was putting them off. They are now boosted by a €65m windfall however - meaning a shock move for the Italy international could now be back on the table. That's according to a new report in Foot Mercato, which claims Atalanta are among FOUR Serie A teams now interested in making a bid for the 27-year-old forward. © IMAGO - Federico Chiesa Liverpool Chiesa a PRIORITY for Atalanta 'As Federico Chiesa endures a summer of total uncertainty at Liverpool, several Serie A clubs are ready to lend him a helping hand,' a report reads. 'Atalanta, in search of a new attacking asset after the departure of Mateo Retegui, has made him their priority. 'Roma, Fiorentina, and Bologna are keeping a close eye on developments.' It was a frustrating season for Chiesa following his €12.5m transfer from Juventus last September. He played only SIX times in the Premier League - making only one start - and barely impressed on his outings in other competitions. Chiesa was earmarked for a transfer as early as January but was kept around for the second half of the season. He is expected to wrap up an outgoing transfer before the window closes - which in turn could add another €15m to the club's transfer funds.
