Saudi Arabian Oil Minister Ali Al-Naimi retained his post in a government shake-up Thursday, but King Salman canceled the kingdom’s top oil decision-making council. Photo: European Pressphoto Agency Saudi Arabia’s new king announced Thursday a shake-up of the kingdom’s government, but kept veteran Oil Minister Ali al-Naimi in place. Mr. al-Naimi, who has been the kingdom’s oil minister since August 1995, was instrumental in the recent decision by the Organization of the Petroleum Exporting Countries, or OPEC, to keep its oil production target steady , a move that has since sent global oil prices into a tailspin. But King Salman canceled the Supreme Council for Petroleum and Minerals, which has been traditionally kingdom’s top decision-making body on oil, according to royal decrees announced on the state-owned television. The council was led by the king and includes senior royal family members, ministers including Mr. al-Naimi and top industry executives. […]