The Traderszone Network

Published in TZ Latest News 29 April, 2015 by The TZ Newswire Staff

New Saudi King Consolidates Power To Maintain Current Oil Policy

Less than four months into his reign, Bloomberg reports that Saudi Arabia’s King Salman is consolidating power with a major reshuffle of succession lines and government officials. “The new king has proved consistent in his determination to elevate members of his close family to key positions,” noted one analyst. As the world’s top oil exporter plays a more prominent role in the region’s power struggles, it apears Salman wants family close.

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