The government shakeup in Saudi Arabia will not result in any real change in the kingdom's oil production or its international strategy, a former Saudi oil executive said Monday.
Over the weekend, Ali al-Naimi ended his 20-year run as Saudi Arabia's oil minister. He has been replaced by Khalid al-Falih, chairman of the state-run oil giant Saudi Aramco.
The reshuffling is more about improving the domestic outlook for the kingdom, said Sadad al-Husseini, president of Husseini Energy and a former executive with Saudi Aramco.
"The policy is set at a national level. The minister of petroleum just executes policy," he said in an interview with CNBC's "Power Lunch."
That policy has been one of high crude production despite low oil prices.