Brazil's Petrobras reports record loss of $9.6 bn for 2015

Rio de Janeiro (AFP) - Brazilian state oil company Petrobras on Monday reported a record loss of $9.6 billion for 2015, hit by the crash in crude prices and a corruption scandal in which it is the central player.

"It was an extremely difficult year for the oil industry in general," chief executive Aldemir Bendine told a press conference .... http://news.yahoo.com