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Saudi Arabia fires its oil minister for the second time in 3 years

Saudi Arabia fires its oil minister for the second time in 3 years

Saudi Arabia has replaced energy minister Khalid al-Falih with Prince Abdulaziz bin Salman bin Abdulaziz al-Saud. Al-Falih, appointed oil minister in May 2016, was the architect of a pact between the OPEC and some other oil producers, including Russia, that was designed to reduce oil supply to boost prices. Prince Abdulaziz is Crown Prince Mohammed bin Salman’s half brother.

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