Saudi Arabia's new energy minister won't bring major change, but faces a hard road ahead
"For the kingdom, it means that ... oil policies are going to remain unchanged," Lipow told CNBC.
At the moment we can't assume Abdulaziz's oil policy will be any more driven by the monarchy than Falih's was."It is a momentous change to place a royal atop the oil ministry. A royal family member has never run oil policy before," Ellen Wald, president of Transversal Consulting and author of the book "Saudi, Inc" told CNBC via email.
"Even if King Salman's intentions are to exert greater control in this area, we don't know if that will be the result here because Prince Abdulaziz does have a long history of working for the oil ministry on his own and is an educated professional in his own right," she said.
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