MARY LOUISE KELLY, Host: NPR's business news starts with the global thirst for oil.</s>MARY LOUISE KELLY, Host: The International Energy Agency expects the demand for oil next year will grow. But it thinks the demand will grow more slowly than this year. Economic growth in developing countries is still driving the rising need for oil, but demand will slow for a couple of reasons, according to the agency, which is based in Paris.</s>MARY LOUISE KELLY, Host: First, China is phasing out economic stimulus measures, and wealthy countries are achieving greater fuel efficiency.
The International Energy Agency says world oil demand will rise next year fueled by economic growth in developing countries, this, despite a drop in an appetite for oil by wealthy countries. In its monthly report, the Paris-based agency says global oil demand for next year should increase by 1.3 million barrels a day.