Land prices in Alberta’s oil sands are down 18% from last year to C$771 per hectare, or $561, Bloomberg reported this week.

The price cap, first introduced in 2022, aims to restrict Russia’s oil revenue by banning Western firms from insuring or financing shipments sold above the cap. In practice, it’s been a bit of ...

TASS/. The European Union (EU) is discussing new sanctions against Russia, in particular in the energy sector, where the possibility of lowering the oil price cap will be considered, German ...