BHI: US rig count records largest gain in 2½ years

The US drilling rig count jumped 20 units to 588 during the week ended Nov. 18, according to Baker Hughes Inc. data. It’s the count’s largest increase since April 2014, several months before the beginning of a steep drilling dive the lasted a year and a half. Source: News


API: US petroleum demand rose in October

Total US petroleum deliveries, a measure of petroleum demand, moved up 3% in October from a year ago to average 20.1 million b/d, according to data from the American Petroleum Institute. This level was the highest October deliveries since 2007. Source: News


PTT restructuring oil marketing unit

PTT PLC of Thailand will transfer its oil business unit to PTT Retail Business Co., which will be renamed PTT Oil & Retail Business Co. Source: News


CCI buys certain East Texas assets from Anadarko for $1 billion

Castleton Commodities International LLC (CCI), Stamford, Conn., has acquired the Carthage upstream and midstream assets in East Texas from subsidiaries of Anadarko Petroleum Corp. for more than $1 billion. Source: News