BP CEO Bob Dudley is bullish on a lasting cooperation between Russia and OPEC, a position he told Axios in an exclusive interview goes against conventional wisdom.

Why it matters: Dudley has extensive experience working in Russia and with Russian companies. BP has an almost 20% stake in Rosneft, the Russian state-owned oil company whose CEO, Igor Sechin, is among the individuals the U.S. government has sanctioned.

Gritty details: Dudley’s comments, made to Axios in a wide-ranging interview last week in Washington, come as some analysts are predicting the production-limiting deal between Russia and OPEC, the Organization of Petroleum Exporting Countries, may end sooner than its scheduled to end in December given oil prices are at three-year highs. Dudley indicated he thinks the deal could last at least through the full year, and possibly longer. His comments in full:

Historically, they have not worked together, communicated together. They are now. I think there is a general view out there that this is a convenient relationship for a short period of time. I actually don’t subscribe to that. I think you’ll always have debates among OPEC nations and in Russia itself, but I think the cooperation around this, which is so vital to all the countries, I think they will remain more open and closer than what I would say is conventional wisdom.
Bob Dudley, CEO of BP

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Updated 2 hours ago - Politics & Policy

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A plane makes a retardant drop on a ridge at the Apple Fire north of Banning in Riverside County, which "doubled in size" Saturday, per KTLA. Robert Gauthier / Los Angeles Times via Getty Images

A massive wildfire that prompted mandatory evacuations in Southern California over the weekend burned 26,450 acres and was 5% contained by Monday afternoon, the California Department of Forestry and Fire Protection said.

The big picture: As California remains an epicenter of the coronavirus pandemic in the U.S., some 15 separate fires are raging across the state. About 7,800 people were under evacuation orders from the Apple Fire, about 75 miles east of Los Angeles, as hundreds of firefighters battled the blaze. CalFire said Monday that a malfunction involving a "diesel-fueled vehicle emitting burning carbon from the exhaust system" started the Apple Fire.

Twitter faces FTC fine of up to $250 million over alleged privacy violations

Photo: Rafael Henrique/SOPA Images/LightRocket

The Federal Trade Commission has accused Twitter of using phone numbers and emails from its users to make targeted ads between 2013 and 2019, Twitter said in an SEC filing published Monday.

Why it matters: Twitter estimates that the FTC's draft complaint, which was sent a few days after its Q2 earnings report, could cost the company between $150 million and $250 million. The complaint is unrelated to the recent Twitter hack involving a bitcoin scam.