OPEC expects rivals to pump out less oil in 2016 By: CNBC.com News February 10, 2016 at 06:20 AM EST Oil cartel OPEC has cut its forecasts for how much its rival producers will produce in 2016, while the 12-member group ramps up its own output. Read More >> Related Stocks: Energy Select Sector SPDR US Brent Oil United States Oil Fund