Roundup: Global oil inventories expected to grow, prices to drop in next two years: EIA

HOUSTON, Jan. 10 (Xinhua) -- Global oil inventories will increase over the next two years with more global oil production than consumption, the U.S. Energy Information Administration (EIA) forecast on Tuesday.

Partly as the result, crude oil prices will further go down, the EIA said in its January Short-Term Energy Outlook (STEO) report.