11.05.2016 - Saudi ouster will send oil prices ‘lower for longer’
The recently announced changing of the guard in the Saudi oil ministry and the news spin around it says it is time to separate political banter and political reality. The banter is about a big surprise in the dismissal of Ali al-Naimi as Saudi energy minister. The reality is that this move has been preordained for some time now. Why? At 80 years old, a relic of the prior King Abdullah, King Salman having sacked most of the appointees of that regime and the plans for taking state oil giant Aramco to an IPO all put the handwriting on the wall...............................................Full Article: Source
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