Brent oil has a rare calm night falling marginally to $64.61. The big news on the night was a naval stoush between Ian and the US but even that barely caused a ripple.
More interesting is some new data on oil debt, from the WSJ:
Both independent and state-owned companies are involved in the borrowing bonanza, issuing $86.8 billion worth of bonds in dollars, euros and yen globally this year, up 10% from the same period in 2014, according to Dealogic, a data-tracking company. The rise is largely due to a high number of bond sales in Europe, the Middle East and Africa, and in the U.S., where both Exxon Mobil Corp. and Chevron Corp. have recently tapped investors…
