Texas energy giant Exxon Mobil Corporation released a report, due to the increase in global population growth and people's living standards in 2040, global energy demand will have 25% growth than 2014.
Reported said that crude oil will continue to maintain a dominant position in all types of energy. In 2040, global demand for crude oil will increase to 112 million a day. In addition, the demand for natural gas will grow substantially, the proportion of wind and solar energy in the global energy will increase, while the proportion of coal will fall.
The report also said that the global increase in the supply of crude oil will come from the shale, oil sands and deep water. In addition, China, India, Brazil, Mexico, South Africa, Nigeria, Egypt, Turkey and other countries are all energy demand countries.