
US midterms: How much could change for oil markets?
23 Oct 2026
23m

S&P Global Energy analysis of key oil price movements across the globe.


European diesel markets face extreme tightness driven by the effective closure of the Strait of Hormuz and Ukrainian drone strikes on Russian refining infrastructure, which have significantly curtailed global supply. To combat record-high prices—peaking at $1,664.75 per metric tonne in the Mediterranean—the U.S. admini...


















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