OPEC, for some quiet moments..

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Rising crude prices and a deregulatory push in Washington may spur as many as 40 companies to hold initial public offerings over the next two years, potentially tripling 2016’s activity, according to Maynard Holt, CEO at Houston-based investment bank Tudor Pickering Holt & Co. After a year in which explorers in the Permian basin straddling Texas and New Mexico dominated the business, interest in new oil-industry offerings is likely to spread wider. It could include pipeline operators and regions like the Bakken in North Dakota and Wyoming’s Powder River basin, Holt said in a telephone interview Wednesday. Mergers and acquisitions should pick up as well.

Oil IPOs seen ready to bloom across the U.S.

Oil extended the longest winning streak in more than four months before OPEC and other producing nations start reducing output to stabilize the market. Futures advanced 0.5% in New York, climbing for a seventh session. Prices are set to recover next year as production cuts help to re-balance an oversupplied market, Saudi Arabia’s Energy Minister Khalid Al-Falih said last week. OPEC and 11 nations from outside of the group including Russia have agreed to trim about 1.8 MMbopd from January.

Oil extends longest run of gains since August

Malaysia’s Petroliam Nasional Bhd. is seeking to move ahead with a proposed $27-billion liquefied natural gas plant in western Canada after identifying a new site for shipping the fuel, a shift that may help reduce costs and quell local opposition. Petronas’s Pacific NorthWest LNG project would continue as planned with the liquefaction plant on Lelu Island in British Columbia. The company would move the docking facilities to neighboring Ridley Island, where ships would berth to take deliveries of the fuel for export, according to two people familiar with the negotiations.

Petronas said to eye new island for $27-billion Canada LNG plan

The world’s most popular oil-tracking exchange traded fund missed out on 2016’s big crude rally. Front-month West Texas Intermediate crude futures have gained 45% so far this year as OPEC engineered the first global output cut in 15 years. The U.S. Oil Fund LP, an ETF designed to track oil prices that has seen investors pour in nearly $3 billion in the past two years, only grew 6.6% over the same period.

One group of investors didn’t cash in on 2016 rally