CNBC | What the Saudi royal reshuffle means for oil CNBC As Saudi Arabia is the world's top oil exporter and the dominant force in OPEC (the Organization of the Petroleum Exporting Countries), any change to its power structure is of major interest to energy markets. This is particularly the case given OPEC's ... Oil dips on oversupply after Saudi reshuffle Oil dips as oversupply outweighs Saudi royal reshuffle |