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  • Brazil's state-run oil company Petrobras reported a loss of $8.35 billion for the first quarter of the year Thursday and warned more heavy losses were on the horizon because of the coronavirus pandemic. "The global oil and gas industry has been hit hard and is facing its worst crisis in the last 100 years," chief executive Roberto Castello Branco said in a statement accompanying the firm's January-March earnings report. jhb/acb
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  • Petrobras books $8.35 bn Q1 loss amid 'worst crisis in 100 years'
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