12.05.2016 - Saudi Arabia’s reshuffle: challenges and implications for oil market
Last week Saudi Arabia's King Salman announced a major government reshuffle and a reorganization of key ministries. The Kingdom's oil minister Ali al-Naimi was replaced by former health minister and the chairman of the state-owned oil company Aramco Khalid Al-Falih. The reshuffle has raised a question about the possibility of changes in Saudi Arabia's oil strategy and its implications for the world oil market. Cyril Widdershoven, Middle East geopolitical specialist and energy analyst, partner at Dutch risk consultancy VEROCY and SVP MEA-Risk believes that the oil strategy of Saudi Arabia is not going to be changed for the foreseeable future...............................................Full Article: Source
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