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Saturday, 15 April 2017

US government 'hacked global bank system' - BBC News

US government 'hacked global bank system' - BBC News:

"A huge range of security weaknesses, said to be worth over $2m if sold on the black market, have been leaked online.
The tools are said to have been created by the US National Security Agency (NSA), and accompanying documents appear to indicate a possible breach of the Swift global banking system.
Such a hack could have enabled the US to covertly monitor financial transactions, researchers said."

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Saudi Aramco chief warns of looming oil shortage

Saudi Aramco chief warns of looming oil shortage:

"The head of Saudi Arabia’s state energy giant has warned of a looming oil shortage as a $1tn drop in investments into future production takes effect. 

Amin Nasser, chief executive of Saudi Aramco, the world’s largest oil producing company, said on Friday that 20m barrels a day in future production capacity was required to meet demand growth and offset natural field declines in the coming years.

“That is a lot of production capacity, and the investments we now see coming back — which are mostly smaller and shorter term — are not going to be enough to get us there,” he said at the Columbia University Energy Summit in New York. "

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