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The newly appointed Saudi energy minister, Prince Abdulaziz bin Salman (left), meets with his father King Salman, in a handout picture provided by the Saudi Press Agency on Monday. Saudi Press Agency via AFP/Getty Images hide caption

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Saudi Press Agency via AFP/Getty Images

What Saudi Arabia's Energy Shake-Up Says About Its Oil Plans

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Flames are seen at the production facility of Saudi Aramco's Shaybah oilfield in May. Ahmed Jadallah/Reuters hide caption

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Ahmed Jadallah/Reuters

Saudi Arabia's Ambitious Economic Overhaul Hinges On Reducing Its Oil 'Addiction'

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