Saudi Arabia extended its oil production cut in August and Russia placed an export ban for diesel and gas. How will this impact future gas prices? Yahoo Finance Reporter Ines Ferre discusses how these headwinds may impact gas prices, as well as the possibility of oil reaching $100 a barrel. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Russia says the ban, which has no end date yet, is intended to replenish its own supply and reduce prices domestically.
Dozens of ships arrive each week in the Milford Haven Waterway, many bearing vast cargoes of crude oil and natural gas.