There's far more obscure references to various cultures' mythologies in TES. Stuff I find it hard to believe, really, it's so obscure. Which is why some of the lore threads here on the forums are so wonderful.
Lot's of lore in TES is taken from myths and cultures we have, which is part of its charme I think. Molag Bal being inspired by Moloch and Baal wouldn't be surprising. Also, Molag Bal means "Fire Stone" in Daedric.
Angelic_Hosts wrote: »Glad you noticed that. Moloch is the demon that politicians and certain rich people worship at Bohemian Grove.