OPEC is unlikely to sustain its practice of pumping flat out in a fight for global market share and will limit output in a scenario that sends oil prices to $80 a barrel by 2020, the International Energy Agency said Tuesday. Oil prices plunged last year when the Organization of the Petroleum Exporting Countries, and its de facto leader Saudi Arabia, abandoned its traditional role of propping up the market through supply cuts and began ramping up production instead. Prices haven’t recovered, sitting at about $47 a barrel Tuesday, down from $114 a barrel in June 2014. “Many OPEC producers will lose a substantial amount of revenue which will lead them to look at their policies again,” said Fatih Birol, the executive director of the IEA, a Paris-based group that monitors energy trends and data for industrialized nations. Mr. Birol’s comments were part of the release of the IEA’s […]