Saudi Arabia

[dan_s]

DUBAI/KHOBAR, Saudi Arabia (Reuters) - Saudi Arabia, the world's largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995.

https://finance.yahoo.com/news/saudi-ar ... 06102.html

[ddlopata084]

Dan - do you have any contacts that could explain the drivers behind the decision?

[dan_s]

I sent it to some of our members that used to work in Saudi Arabia. This may not be a big deal. We will see if it impacts the oil markets on Monday, probably a non-event.