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Exxon Mobil Predicts Demand Rise 50%

US oil giant Exxon Mobil said Monday that it expects global energy demand to rise 50 percent

Exxon Mobil Predicts Demand Rise 50%

US oil giant Exxon Mobil Corp. said Monday that it expects global energy demand to rise 50 percent by 2030.

The company expects oil and gas to provide about 60 percent of the world's energy, while total fossil fuels, including coal, should remain around 80 percent.

In the "very long term," the energy supply will become more diversified, the company said in its annual report filed with the Securities and Exchange Commission.


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