OPEC in no rush on deeper oil output cut - Reuters

According to a recently published story on Reuters, OPEC delegates said that OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits.

Key quotes (via Reuters):

• They will look at this issue most probably in the upcoming meeting in Russia in July
• Removing more crude from the market was an option but said it was not being actively considered
• A larger cut could be an option and further steps could be to place caps on further growth in Nigerian and Libyan output, rather than requiring them to cut back their supply