Saudi Arabia Gives First Glimpse Of Oil Strategy Under New Minister
![Saudi Arabia Gives First Glimpse Of Oil Strategy Under New Minister Saudi Arabia Gives First Glimpse Of Oil Strategy Under New Minister](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/d537c49f8f7666088fa344c7d05db1ea-600x1698.jpg?itok=8LZC4vYb)
Following the biggest news of this weekend, the (anticipated) resignation/termination of Saudi Arabia's longstanding oil minister Ali al-Naimi, everyone has been wondering about what comes next and how this development will impact the price of oil. We laid out our preliminary thoughts as follows:
Ultimately this is not about the new oil minister: this is about Prince Mohammed taking full control over Saudi oil. So the question everyone now wants answered is "what does this mean for oil?"