Liam Denning, Columnist

Saudi Arabia Has Its Own Way of Draining the Swamp

From the perspective of outside investors and anyone interested in oil markets, the crackdown constitutes a double-edged sword.

November 5, 2017 at 8:37 PM UTC

By Liam Denning

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

1509915278_pic — Photographer: Simon Dawson/Bloomberg

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Saudi Arabia’s millennial-in-chief has reached the move-fast-and-break-things phase.

Prince Mohammed bin Salman’s Saturday night roundup of dozens of prominent royals and officials -- all under the auspices of the king he may succeed within months -- is actually a natural, if jarring, progression.The prince’s consolidation of power has been evident since June at least, when former Crown Prince Mohammed bin Nayef was taken out of the line of succession and replaced as interior minister.