Reported about 2 months ago
Exxon Mobil anticipates that crude oil demand will remain above 100 million barrels per day by 2050, consistent with current levels, and 25% higher than BP's forecast. The company argues that global population growth and limited impact from electric vehicles will sustain strong oil demand, while it warns that continued investments are essential to avoid drastic supply shortages. Exxon's outlook contrasts BP's expectations for a peak in demand by 2025, highlighting differing views on the future of the energy market.
Source: YAHOO