Energy Update

SEOUL, March 19 (Reuters) - South Korea's producer prices fell 3.6 percent year-on-year in February, showing the same rate of fall seen in revised figures for January, central bank data showed on Thursday, as oil prices continued to drag down prices. Manufactured goods led the drop as they fell 6.5 percent in February from a year earlier. Among the manufactured goods, coal and oil products plummeted by 35.4 percent on an annual basis in February, the Bank of Korea data showed.

BRASILIA, March 18 (Reuters) - Brazilian President Dilma Rousseff launched an anti-corruption offensive on Wednesday to counter rising discontent over a kickback scandal engulfing state-run oil company Petrobras that has implicated her allies and undermined her popularity.

Coming on the heels of Demand Energy’s announcement that it is installing 1 MW of energy storage capacity in a series of Glenwood residential apartment buildings in New York City, a report released today concludes that the distributed energy storage market will increase almost 10-fold over the next three years.

BRASILIA/ZURICH, March 18 (Reuters) - Swiss prosecutors have uncovered over 300 accounts at more than 30 Swiss banks that they suspect are linked to the massive corruption and money-laundering scandal at Brazil's state-run oil company Petroleo Brasileiro SA.