How Saudi oil minister fell from grace as MBS pushes Aramco IPO | Curio

How Saudi oil minister fell from grace as MBS pushes Aramco IPO

7 mins | Sep 13, 2019

He seemed untouchable, but the crown prince is serious about shaking-up the energy sector. As energy minister of Saudi Arabia, Khalid al-Falih oversaw some of the highest rises in crude prices and held a favoured position with the crown. However, he was suddenly removed in September 2019, not just as energy minister but also as chairman of the board of Saudi Aramco. Andrew Hill, Simeon Kerr, Ahmed Al Omran and Anjli Raval writing in the Financial Times look at why.

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From Financial Times