Saudi Oil Minister Ali al-Naimi is likely to stay in his position until current oil-market turbulence subsides, according to Saudi and Persian Gulf oil officials familiar with the matter—with Riyadh eager to signal stability and consistency in its oil policy following the death of King Abdullah. After Abdullah’s death early Friday, oil prices shot higher before settling back down, as traders weighed whether the newly installed King Salman might alter oil policy for the world’s largest crude exporter. King Salman early Friday issued a royal decree retaining all of the kingdom’s current ministers, according to the official Saudi Press Agency. Appearing on Saudi national television, the new king said he would maintain the policies of his predecessor. That, Saudi and Gulf officials said, includes oil policy and retaining Mr. Naimi. King Salman “realizes how important Naimi is, and how the oil market respects him,” according to one Saudi official. […]