Exxon Mobil announced in its latest global oil outlook report that it expects crude oil demand to remain above 100 million barrels per day (bpd) until 2050, in line with current levels, or a pr revision 25% higher than that of BP

Exxon predicts that by 2050, oil, natural gas, and coal will account for 67% of the global energy mix, up from 68% last year. The group expects that technological advances will allow for declines after 2029, while BP sees them as early as the middle of the decade. According to Chris Birdsall, Exxon's director of economics, energy and strategic planning, “The demand for oil and gas is very, very long-lived and will continue to grow over the next few years.” According to the group, in the absence of new investments, production would decrease by around 15% per year, adds the group, a more pronounced decrease than that expected by the IEA, which expected 8% in estimates published in 2018