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Wed 11 Sep 2019 11:59 AM

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Video: No radical changes to oil policy in Saudi Arabia, says Prince Abdulaziz

Saudi Arabia's King Salman named his son Prince Abdulaziz bin Salman as the country's energy minister, replaces veteran official Khalid Al-Falih.

The new energy minister  is an older half-brother to the Crown Prince Mohammed bin Salman, marks the first time a royal family member has been put in charge of the all-important energy ministry.

Speaking at the 24th World Energy Congress in Abu Dhabi, Prince Abdulaziz said there won’t be any radical change in the kingdom’s oil policy. Key members from the Organization of Petroleum Exporting Countries and its allies meet Thursday in Abu Dhabi to discuss their production pact.

(Source: CNN Business YouTube channel)