9 Killed in California’s Worst Wildfire in a Century; Kim Kardashian, Other H'wood Stars Forced to Vacate Homes

Agencies
November 10, 2018

Paradise, Nov 10: Wildfires burned out of control on Friday across California, killing at least nine people in a mountain town and forcing residents to flee the upscale beach community of Malibu in the face of a monster fire storm.

All nine victims were found in and around the Northern California town of Paradise, where more than 6,700 homes and businesses were burned down by the Camp Fire, making it one of the most destructive in state history, according to California Department of Forestry and Fire protection data.

"This event was the worst-case scenario. It was the event we have feared for a long time," Butte County Sheriff Kory Honea said at a Friday evening press conference. "Regrettably, not everybody made it out."

The remains of five of the victims were discovered in or near burned out cars, three outside residences and one inside a home, Honea said.

Another 35 people had been reported missing and three firefighters had been injured.

The flames descended on Paradise so quickly that many people were forced to abandon their cars and run for their lives down the sole road through the mountain town.

A school bus was among several abandoned vehicles left blackened by flames on one road.

The Camp Fire, which broke out on Thursday at the edge of the Plumas National Forest northeast of Sacramento, has since blackened more than 90,000 acres and was only 5 percent contained as of nightfall on Friday.

A total of 6,453 homes had been destroyed in Paradise and elsewhere, Honea said, along with 260 commercial buildings. The Tubbs Fire, which destroyed 5,636 structures in Napa and Sonoma counties in October 2017, is listed by Cal Fire as the most destructive in state history.

FIRE BURNS TOWARD MALIBU

In Malibu, some 500 miles (800 km) to the south, flames driven by hot Santa Ana winds gusting up to 50 miles per hour (80 kph) raced down hillsides and through canyons toward multi-million dollar homes.

Thousands of residents packed the Pacific Coast Highway to head south or took refuge on beaches, along with their horses and other pets.

Among those force to flee the Woolsey Fire, which had charred some 35,000 acres (14,164 hectares) as of Friday afternoon, were celebrities, including Lady Gaga and Kim Kardashian, who said on Twitter flames had damaged the home she shares in nearby Calabasas with Kanye West.

"Fire is now burning out of control and heading into populated areas of Malibu," the city said in a statement online. "All residents must evacuate immediately."

Malibu and Calabasas, west of Los Angeles, are home to hundreds of celebrities and entertainment executives attracted by ocean views, rolling hills and large, secluded estates.

The blaze, which spewed massive plumes of thick black smoke, also threatened parts of the nearby town of Thousand Oaks, where a gunman killed 12 people earlier this week in a shooting rampage at a college bar, stunning the bucolic Southern California community with a reputation for safety.

The Woolsey Fire broke out on Thursday and quickly jumped the 101 Freeway in several places. On Friday, it climbed over the Santa Monica Mountains toward Malibu.

Authorities were forced to shut down the 101, a major north-south artery, as well as the Pacific Coast Highway. Los Angeles County Fire Chief Daryl Osby said a "significant number" of homes had been destroyed by the flames but that an accurate count could not yet be made.

Elsewhere, the Hill Fire in Ventura County's Santa Rosa Valley had charred about 6,000 acres (2,428 hectares) as of Friday evening, according to Cal Fire.

In Los Angeles, another, smaller fire in Griffith Park forced the Los Angeles Zoo to evacuate a number of show birds and some small primates on Friday as flames came within less than 2 miles (3 km) of the facility, zoo officials said in a statement.

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Agencies
June 7,2020

Moscow, Jun 7: OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market.

The group, known as OPEC+, also demanded countries such as Nigeria and Iraq, which exceeded production quotas in May and June, compensate with extra cuts in July to September.

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis. Those cuts were due to taper to 7.7 million bpd from July to December.

“Demand is returning as big oil-consuming economies emerge from pandemic lockdown. But we are not out of the woods yet and challenges ahead remain,” Saudi Energy Minister Prince Abdulaziz bin Salman told the video conference of OPEC+ ministers.

Benchmark Brent crude climbed to a three-month high on Friday above $42 a barrel, after diving below $20 in April. Prices still remain a third lower than at the end of 2019.

“Prices can be expected to be strong from Monday, keeping their $40 plus levels,” said Bjornar Tonhaugen from Rystad Energy.

Saudi Arabia, OPEC’s de facto leader, and Russia have to perform a balancing act of pushing up oil prices to meet their budget needs while not driving them much above $50 a barrel to avoid encouraging a resurgence of rival U.S. shale production.

It was not immediately clear whether Saudi Arabia, the United Arab Emirates and Kuwait would extend beyond June their additional, voluntary cuts of 1.18 million bpd, which are not part of the deal.

BULGING INVENTORIES

The April deal was agreed under pressure from U.S. President Donald Trump, who wants to avoid U.S. oil industry bankruptcies.

Trump, who previously threatened to pull U.S. troops out of Saudi Arabia if Riyadh did not act, spoke to the Russian and Saudi leaders before Saturday’s talks, saying he was happy with the price recovery.

While oil prices have partially recovered, they are still well below the costs of most U.S. shale producers. Shutdowns, layoffs and cost cutting continue across the United States.

“I applaud OPEC-plus for reaching an important agreement today which comes at a pivotal time as oil demand continues to recover and economies reopen around the world,” U.S. Energy Secretary Dan Brouillette wrote on Twitter after the extension.

As global lockdowns ease, oil demand is expected to exceed supply sometime in July but OPEC has yet to clear 1 billion barrels of excess oil inventories accumulated since March.

Rystad’s Tonhaugen said Saturday’s decisions would help OPEC reduce inventories at a rate of 3 million to 4 million bpd in July-August. “The quicker stocks fall, the higher prices will get,” he said.

Nigeria’s petroleum ministry said Abuja backed the idea of compensating for its excessive output in May and June.

Iraq, with one of the worst compliance rates in May, agreed to extra cuts although it was not clear how Baghdad would reach agreement with oil majors on curbing Iraqi output.

Iraq produced 520,000 bpd above its quota in May, while overproduction by Nigeria was 120,000 bpd, Angola’s was 130,000 bpd, Kazakhstan’s was 180,000 bpd and Russia’s was 100,000 bpd, OPEC+ data showed.

OPEC+’s joint ministerial monitoring committee, known as the JMMC, will meet monthly until December to review the market, compliance and recommend levels of cuts. JMMC’s next meeting is scheduled for June 18.

OPEC and OPEC+ will hold their next scheduled meetings on Nov. 30-Dec. 1.

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News Network
June 24,2020

Geneva, Jun 24: The global cumulative count of confirmed coronavirus cases is approaching nine million, with 133,326 cases recorded over the past day, the World Health Organisation (WHO) said in its daily situation report on Tuesday.

Over the past 24 hours, 3,847 people died from COVID-19 worldwide, taking the cumulative death toll to 469,587 fatalities, according to the report.

The global case total has now reached 8,993,659.

The Americas still account for the majority of cases and deaths -- 4.4 million and 224,207, respectively.

The United States remains the country with the highest count of cases and fatalities -- 2.3 million and 119,761, respectively.

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News Network
March 6,2020

Mar 6: UK stocks fell again on Friday as growing economic risks from the coronavirus outbreak shattered investor confidence, with Britain recording its first death from the pathogen.

A 1.5% fall for the FTSE 100 erased the blue-chip index's gains from earlier this week. Export-heavy companies have now lost over $230 billion in value since the epidemic sparked a worldwide rout last week.

The domestically focussed mid-cap index was down 1.9%.

Cruise operator Carnival dropped 4.2% to its lowest level since 2012, a day after its Grand Princess ocean liner was barred from returning to its home port of San Francisco on virus fears.

Britain said an older person with underlying health problems had succumbed to the flu-like virus on Thursday, while the number of infections jumped to 115.

In company news, drug maker AstraZeneca fell 1% after it said its treatment for a form of bladder cancer failed to meet the main goal of improving overall survival in patients in a late-stage study.

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