After years of delay, Brazil has set the rules that let large batteries plug into its power system, and scheduled the first auction to buy that storage

Petrobras said it would apply a discount of R$0.3515 ($0.07) per litre to its sale price of road diesel from June 1, under the economic subsidy

Petrobras issued a statement on Monday urging the immediate homologation of the 2026 Capacity Reserve Auction, the mechanism