Saudi Arabia’s King Salman issued a Royal Order on Saturday, May 7th, 2016 making changes to the government structure and key leaders. The Royal Order follows the recently released ‘Vision 2030’ economic and development plan to transform the Saudi economy and society into the 21st Century.
President Obama arrived in Riyadh today to an understated official reception and little immediate publicity from Saudi media reflecting the strained ties between the President and the Kingdom, but cooperation in key areas between the two countries remains strong.
Only in the last year, when Saudi Arabia and OPEC decided to boost production rates to mute the impact of shale and regain market share, has conventional energy regained top-dog status in the global market. But what if Saudi Arabia had its own shale boom?