U.S. Oil Producers May Spoil An OPEC Victory Lap Next Year

The International Energy Agency said 2018 "might not be quite so happy for OPEC producers" as U.S. output increases, but the agency expects a balanced market next year, with a supply deficit in the second half.

X In its monthly report out Thursday, the IEA raised its 2017 growth forecast for U.S. crude by 390,000 barrels per day and by 870,000 bpd in 2018 vs. estimated production growth of 370,000 bpd this year and 790,000 bpd 2018 in the energy watchdog's November report.

"But 2018 as a...

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