CNBC | OPEC expects rivals to pump out less oil in 2016 CNBC Oil cartel OPEC has cut its forecasts for how much its rival producers will produce in in 2016, while the 12-member group continues to ramp up its own production levels. According to the latest monthly report from the group, whose de facto leader is ... Opinion: Falling oil prices will bankrupt the likes of Russia, Saudi Arabia OPEC overproduction 'politically motivated' – Iran's Oil Minister Oil Rebounds From Sharp Selloff |