Bloomberg | Oil Pares Losses on Optimism OPEC Will Extend Cuts Through 2018 Bloomberg Ecuador's oil minister said a committee of OPEC members and its partners would recommend that Libya and Nigeria -- currently exempt from curbs -- freeze output at current levels, while Iraq said the majority of nations support a nine-month extension ... Nigeria's NNPC targets up to $5 bln oil prepayment OPEC to debate capping Nigerian, Libyan oil output - sources |