EU to Push OPEC Next Week for Oil Output Boost, Piebalgs Says

The European Union will urge the Organization of Petroleum Exporting Countries next week to boost production to prevent oil prices from doing more harm to Europe’s economy, said the EU’s top energy official.

The EU will also seek to help European energy companies such as BP Plc raise investments in oil-producing nations when the 25- member bloc meets OPEC for the first time at a June 9 gathering in Brussels, said Energy Commissioner Andris Piebalgs