Bloomberg Total SA agreed to buy a stake in a project in Uganda from Tullow Oil Plc for $900 million as a recovery in crude prices accelerates the pace of deals in the energy industry. French oil major Total will acquire a controlling stake in the Lake Albert development, the companies said on Monday in separate statements. Total will …

  Bloomberg Oil dropped the most in more than five weeks in New York amid concern about Iraqi compliance with OPEC production cuts. West Texas Intermediate futures fell 3.8 percent. Iraq’s oil exports from its southern ports in the Gulf reached a record high in December, Oil Minister Jabbar Al-Luaibi said in an e-mailed statement. Gulf oil producers Saudi Arabia, …

  Bloomberg Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month. The country’s State Oil Marketing Company (SOMO) plans to export 3.641 million barrels per day (bpd) of crude in February, according to trade sources and preliminary loading schedules …