Fragmented energy markets: Risks of renewed escalation after the US midterms

October 30, 2026

 

 

 

In this Energy Market Drivers edition:

 

  • Crude oil and geopolitics: Three scenarios after the US midterms – risks tilted towards
    escalation
  • Diesel gasoil and MGO: Lower cracks are unlikely to be sustainable
  • Bunker markets: High tanker rates increase fragmentation between Singapore and
    Rotterdam
  • European gas: EUR 100/MWh reached – but potentially not the peak
  • Hedging views (all products): Risk that market prices out more backwardation. Consider
    options as a hedging instrument
  • GRM Forecasts: Oil, Gas, and EUA prices

 

Download the fulll article as PDF

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fields from above with windmills and skies around

Arne Lohmann Rasmussen
Chief Analyst, Head of Research at Global Risk Management

Phone +45 2146 2951

E-mail: Arra@global-riskmanagement.com

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