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Added on the 13/03/2015 14:52:02 - Copyright : Euronews EN
President of the European Commission Ursula von der Leyen says Russia is losing "around 160 million euros a day" from oil price cap. SOUNDBITE
As he arrives at a summit of EU leaders, Hungarian Prime Minister Viktor Orban warns that the bloc has yet to come up with a compromise that could see him back an embargo on Russian oil. European diplomats have drafted a statement proposing that Hungary receive a temporary exemption from the ban, and hope it will be adopted at the two-day Brussels meeting. SOUNDBITE
With fuel prices skyrocketing all over the world, efficient driving is now more important than ever, the key to economising fuel. According to the International Energy Agency (IEA), this measure can help reduce fuel consumption by between 6% and 12%. That’s why an expert from SEAT S.A. has come up with 7 efficient driving tips to save on fuel and spare your wallet.1. Drive smoothly. Sudden speed changes, like quick acceleration or hard braking, increase fuel consumption. 2. Switch off the engine when stopping for long periods. If you keep the engine running when your car isn’t moving, the engine overheats and fuel consumption increases. 3. Maintain a constant speed. Changes in speed affect fuel consumption, so it’s preferable to maintain the same speed as long as the flow of traffic and the road allow. 4. Use the engine brake. “Whenever possible, try to stop gently by taking your foot off the accelerator, to take advantage of the opposite pressure that the transmission on the engine, before pressing the brake pedal” Ángel advises. 5. Air conditioning or lower the windows? Air conditioning is one of the non-driving factors that consumes the most fuel, between 4% and 10% according to the IEA, while lowering the windows at medium and high speeds creates a drag effect: air enters the car and generates aerodynamic drag that slows it down and makes the engine work harder to keep up.6. Keep an eye on your tyre pressure. This is a key safety aspect, but it also affects efficient driving. 7. Plan your route. A planned itinerary is vital for saving money. Unforeseen events, having to stop for traffic jams or getting lost on unfamiliar roads can make your trip unnecessarily long, and consequently, increase fuel consumption.
The International Atomic Energy Agency board of governors meets amid tensions over Iran, search for new director general. IMAGES
The price of Brent Crude has fallen below $50 a barrell for the first time since May 2009 due to slowing global growth and increased supply. Ciara Lee looks at the impact of the drop.
As oil plunges to five-and-a-half year lows, dollar strength is luring investments away from emerging markets. Mark Tinker of AXA Framlington Asia talks about the pressures on equities and bonds. Pamela Ambler reports.
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