In 25 years time, Nigeria, India and China are expected to emerge world's prime top energy demand economies, based on their respective phenomenal population growth trend, a report by ExxonMobil has disclosed.

The oil giant also hinted that supply glut of crude oil to the global market would continue into the foreseeable future, as supply would continue to outstrip demand in many countries. Despite data showing that global reserves have risen to six trillion barrels, ExxonMobil said this would last for only a 100 years, based on the prevailing energy consumption and projected possible future demands.

Speaking on the report tagged, '2015 Energy Outlook series' in Abuja, the ExxonMobil General Manager, Deep Water Operations, Oladotun Isiaka, said the energy demand level would continue to rise, driven largely by population increase, improved standard of living and growth in the middle class, especially in India, China and other key growth areas of the world. Isiaka added: "Energy demand trends from 2010 to 2040 are expected to vary significantly around the world, as countries move along very different trajectories in terms of key demand drivers including population, demographics, economic growth and income levels."

"We are seeing now that supply is outstripping demand that is because of the additional oil sands mainly from Canada and the tight oil from North America. The data is the same for 2030 and 2040 and the key thing is on the world basis we see supply outstripping demand."