OPEC forecast U.S. production this year will fall to 13.56 million barrels a day. Shrinking U.S. output and massive cuts to investment in new projects will reduce the global oil glut over the course of this year, the Organization of the Petroleum Exporting Countries said Friday, potentially pushing world-wide oil production lower than demand in 2017. OPEC forecast that production by countries outside the cartel will help rebalance a global crude market that is seen prices fall by more than half since 2014, even though OPEC has declined to rein in its own production. OPEC said in its monthly report that non-OPEC production will fall by 740,000 barrels a day from 2015 to 56.4 million barrels a day this year—10,000 barrels a day less than OPEC previously predicted. Most of the decline will stem from cuts that U.S. oil producers are making to cut production that is become unprofitable […]