Reads like you know of what you speak.
How so?
It started for me with a weird city the Saudis built... Way out in the middle of nowhere toward Israel... Very close to Jebal al Lawz, who many believe is the real Mt Sinai... Pretty cool stuff up in there if you are tuned in to Biblical stuff... So I figured that city (scratch built) was to take advantage of the tourist possibilities for that site (and the Red Sea crossing, and etc), Which I still believe is true. But it also has a whole lot of warehouse space there, and looks to me to be staging for trade to the west...
Since then I have been paying attention to back channel overtures, as the new prince in charge seems to be readying his nation for social modernization... Women getting freedoms they have never had... etc... making Saudi laws more compatible with the west.
This speaks to a sea-change with long term commitment. Still speculation on my part - Still not really in the press if you are not looking for it... But it seems to be there.
As to the oil, again, it is mostly a feeling that comes from looking at the politics of the area. Some of it comes from rumors from oil patch friends that have gone that far afield... Some of it from knowing the intractable problem - the Sword of Damocles presented by the Straight of Hormuz. It basically locks all of Sunni wealth behind a door controlled by the Shia... And as that whole mess has heated up, the solution has become apparent. Send it west.
Now, I don't know nothing - That city may be a hub for industrial strength pipelines... It could be ships, either through a revived Suez connection, or a diversion into the Dead Sea, and across Israel from there... Whispers about the Port of Haifa and environs in play... So no, no real inside information, but the solution to the Hormuz problem is self evident.