Oil prices rise

LONDON, July 12: World oil prices climbed slightly on Wednesday after official data showed US energy inventories had fallen more sharply than expected last week, analysts said.

Crude futures also climbed as world powers huddled in Paris to discuss the international standoff concerning major crude producer Iran, and as traders digested an International Energy Agency forecast for global oil demand.

New York's main contract, light sweet crude for delivery in August, gained 24 cents to $74.40 per barrel in pit trading.

Brent North Sea crude for August delivery advanced 15 cents to $73.82 per barrel in electronic deals.—AFP

Our readers are at the heart of everything we do.
Do you have a thought to share or a way we can improve? We’d love to hear it. Reach out to us at feedback@dawn.com.

Newspaper

Govt mulls easing curbs to facilitate asset transfer

Broaden tax net, cut tariff distortions: Sustainable Development Policy Institute

Balochistan trade bodies threaten strike

Branded Content

K&N's SmartCooking Recipes: Pancake Sliders

Fun and tasty pancake sliders layered with crispy nuggets, fried egg, fresh salad and creamy sauces for a playful twist on a classic snack.

Airlink launches Hisense in Pakistan, ushering in a new era for consumer electronics nationwide

Airlink Communication Limited, Pakistan’s leading technology manufacturer and distributor, has formally launched Hisense in Pakistan,

OGDC’s strategic drive for sustainable growth and responsible value creation

OGDC has launched a comprehensive and focused production optimisation initiative aimed at reversing natural declines in mature fields and unlocking additional hydrocarbon output.

Most Popular

What’s eating Pakistan’s mangoes?

Gul Ahmed announces $230m data centre

US family moves LHC for grant of citizenship to its kids

Unofficial results show PPP leading the GB race with victory on 10 seats

Pakistan rejects 'unwarranted' remarks on AJK by individuals in UK

At least 7 civilians killed during Sunday clash between police, JAAC protesters in AJK's Rawalakot: official

Israel, Iran trade fire despite Trump's call for restraint

Lebanese army commander calls on CDF Munir, discusses regional security environment

BUDGET 2026-27: Budget timing in doubt after NEC meeting put off again

Latest Stories

Imran’s sisters, PTI leaders again denied meeting former premier at Adiala Jail

Bahrain commander meets CDF Munir, discusses strengthening military collaboration: ISPR

ICC rates Lahore’s Gaddafi Stadium ‘unsatisfactory’ after slow pitch in Pakistan-Australia ODI

FIA establishes FATF desks across all zones to improve implementation of international investigation standards

More oldies than ever at World Cup as over-40s rock on

Afghanistan police crack down on anti-hijab protests in Herat

Opinion

Budget blues

Arifa Noor

Everyone, it seems, has suddenly realised the poor state of the economy.

Updated 09 Jun, 2026

Any cat to catch the mice

Jawed Naqvi

09 Jun, 2026

Tech net loss

Shahzad Sharjeel

09 Jun, 2026

Karachi’s quandary

Dr Niaz Murtaza

Updated 08 Jun, 2026

Respite needed

Umair Javed

Editorial

09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...

Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.

09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....

08 Jun, 2026

Soft on traders

THE Fixed Tax Asaan Scheme for traders with an annual turnover of up to Rs200m has been designed as a ‘pragmatic...

Updated 08 Jun, 2026

Ceasefire in name

Both sides accuse the other of violating the truce that was supposed to halt the conflict in April, yet neither appears willing to abandon negotiations altogether.

08 Jun, 2026