Saudi Arabia has removed energy minister Khalid al-Falih, one of the most powerful figures in the global oil industry, in a dramatic shake-up at the heart of the kingdom's government.

The move, announced on Sunday, will see King Salman's son, Prince Abdulaziz bin Salman, take over as energy minister, breaking the longtime convention that members of the ruling family are not appointed to that position.

Prince Abdulaziz is a veteran of the energy ministry, which he joined in the 1980s.

But analysts said the reshuffle would send shockwaves through the global energy industry at a time when Saudi Arabia —


Oil veteran in tune with crown prince's reforms