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A Royal Shakeup, China’s Big Day Falls Flat, Crude Reality Bites
Ok, well for obvious reasons, the headlines overnight pretty much all revolved around:
Saudi Arabia
China
Oil
In Riyadh, Mohammed bin Salman consolidated still more power after replacing his cousin Muhammad bin Nayef as heir to the throne.
It was, as quite a few in the media noted, an "abrupt" change. But bin Salman was already running defense, oil, the economy, and damn near everything else, and it's been clear for some time that his star is only going to rise.
"Prince Mohammed bin Sa
