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Summit g7Michael YudkovichThis document summarizes the key commitments and agreements from the 2016 G7 Ise-Shima Summit. The G7 pledged to strengthen economic growth through coordinated fiscal and monetary policy while promoting structural reforms. Specific commitments included increasing support for refugees, fighting protectionism, addressing global steel overcapacity, and implementing agreements on climate change, health, women's empowerment, and other issues. The G7 also committed to tax transparency and implementing financial regulations.
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- U.S. gasoline prices are forecast to average $2.21/gallon this summer, higher than previous forecasts but lower than last summer. U.S. crude oil production is expected to continue declining in 2016 and 2017 after peaking in 2015.
- Natural gas inventories are projected to reach record high levels by the end of October 2016, while prices are forecast to remain low in 2016 and 2017.
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Steo full
Steo fullMichael Yudkovich- Brent crude oil prices increased in April to $42/barrel and are forecast to average $41/barrel in 2016 and $51/barrel in 2017, higher than previous forecasts. However, futures contracts suggest a wide range of possible prices in coming months.
- U.S. gasoline prices are forecast to average $2.21/gallon this summer, higher than previous forecasts but lower than last summer. U.S. crude oil production is expected to continue declining in 2016 and 2017 after peaking in 2015.
- Natural gas inventories are projected to reach record high levels by the end of October 2016, while prices are forecast to remain low in 2016 and 2017.
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