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BP CEO sees oil market ‘pessimistic’ about OPEC cuts

  Bloomberg The oil market is “pretty pessimistic” about OPEC reaching a deal to cut production, BP Plc Chief Executive Officer Bob Dudley said. Oil prices will probably stay around current levels if the Organization of Petroleum Exporting Countries fails to implement the deal it reached in Algiers in September to limit output, Dudley said in an interview on Bloomberg ...

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Israeli tech last line of defense for power plant cyber attacks

Bloomberg In Ocean’s Eleven, George Clooney’s gang inserts a recording into a casino security camera system so the guard sees only a video loop from the day before, camouflaging a heist from the safe. In a 2015 cyber attack on a Ukraine power plant, hackers did much the same, playing around for months with the electricity company’s network, disconnecting emergency ...

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Saudi fund to explore asset sales for overseas deals

  Bloomberg Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, according to five people with knowledge of the matter. The Public Investment Fund — with about $100 billion worth of shares in listed local companies including Saudi Basic Industries Corp. and Saudi Telecom Co. — is reviewing the stakes as ...

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