| The removal of Ali al-Naimi as Saudi Arabia's oil minister ushers in a new age of uncertainty, and more erratic prices. Naimi was a major architect of Saudi's current policy of forcing oil prices lower through higher supply of crude, but he was also a trusted voice within government and a respected figure at the Organization of the Petroleum Exporting Countries.
His successor Khalid al-Falih is unlikely to command the same influence over output decisions that his 80-year-old predecessor had once enjoyed. The son of a Bedouin who climbed through the ranks of Saudi oil industry technocrats, Naimi commanded the respect of successive rulers in the oil-rich kingdom...............................................Full Article: Source
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