compose: `docker-compose build --pull` on Mac fails with no basic auth credentials

Description of the issue

When installing docker and docker-compose in a virtual environment, the current versions that are installed are:

docker==3.7.2
docker-compose==1.24.0

When building a project that is pulling the FROM image from a private repo I get the following error:

Step 1/16 : FROM registry.mydomain.net/image:1.2.3
ERROR: Service 'app' failed to build: Get https://registry.mydomain.net/v2/image/manifests/1.2.3: no basic auth credentials

Context information (for bug reports)

Output of docker-compose version

[berto:env@MacBook-Pro]$ docker-compose version
docker-compose version 1.24.0, build 0aa5906
docker-py version: 3.7.2
CPython version: 3.6.6
OpenSSL version: OpenSSL 1.0.2o  27 Mar 2018

Output of docker version

[berto:env@MacBook-Pro]$ docker version
Client:
 Version:           18.06.1-ce
 API version:       1.38
 Go version:        go1.10.3
 Git commit:        e68fc7a
 Built:             Tue Aug 21 17:21:31 2018
 OS/Arch:           darwin/amd64
 Experimental:      false

Server:
 Engine:
  Version:          18.06.1-ce
  API version:      1.38 (minimum version 1.12)
  Go version:       go1.10.3
  Git commit:       e68fc7a
  Built:            Tue Aug 21 17:29:02 2018
  OS/Arch:          linux/amd64
  Experimental:     true

Output of docker-compose config (Make sure to add the relevant -f and other flags)

[berto:env@MacBook-Pro]$ docker-compose -f docker-compose.yml config
version: '3.4'
services:
  app:
    build:
      context: /Users/berto/Projects/openslate/service
    image: registry.mydomain.net/service:local

Steps to reproduce the issue

1. pipenv shell
2. pip install docker-compose
3. build Dockerfile whose FROM image is private

Observed result

[berto:env@MacBook-Pro]$ docker-compose -f docker-compose.yml build --pull
WARNING: The DOCKER_IMAGE variable is not set. Defaulting to a blank string.
Building app
Step 1/16 : FROM registry.mydomain.net/image:1.2.3
ERROR: Service 'app' failed to build: Get https://registry.mydomain.net/v2/image/manifests/1.2.3: no basic auth credentials

Expected result

When configuring the virtual environment with the following, build succeeds:

pip install docker==3.6.0 docker-compose==1.23.2

Stacktrace / full error message

[berto:env@MacBook-Pro]$ DOCKER_IMAGE=test docker-compose -f docker-compose.yml build --pull
Building app
Step 1/16 : FROM registry.mydomain.net/image:1.2.3
Service 'app' failed to build: Get https://registry.mydomain.net/v2/image/manifests/1.2.3: no basic auth credentials

Additional information

• Mac OS X 10.14.4
• docker-compose install via pip install in a pipenv-created virtual environment