Bloomberg Oil dropped from a three-week high amid speculation that increased US drilling will boost output, offsetting cuts by OPEC and other producers. Futures fell 1.1 percent in New York after failing to extend on Thursday’s 2 percent rally. Rigs targeting crude in the US rose this week by 15 to 566, the highest since November 2015, according to …

  Bloomberg Add AltaGas Ltd. to the list of Canadian companies that can’t seem to get enough of America’s energy assets. The Calgary power and gas supplier agreed to buy WGL Holdings Inc. — owner of the Washington utility that supplies natural gas to the White House — for $4.6 billion. The takeover will expand its reach in the US, …

    ALGIERS / Reuters An Algerian company has signed a deal with a US group to set up agricultural projects worth $300 million in the North African country as it seeks to reduce dependence on imports, Algeria’s agriculture ministry said. Under the deal, privately-owned Algerian dairy company Tifralait and the American International Agriculture Group (AIAG) will set up a …