New Saudi minister is believer in reform and low oil price

By Dmitry Zhdannikov and Rania El Gamal

World
Sunday, 08 May 2016
3:52 AM MYT

LONDON/DUBAI (Reuters) - It was January 2016 and oil prices had crashed to their lowest in more than a decade.

Saudi Arabia's health minister, Khalid al-Falih, a favourite to take over the oil ministry from his mentor Ali al-Naimi, was not panicking.

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