Reports are gushing in about Saudi Arabia planning to drop the petrodollar for the Chinese yuan in an economic pivot toward East Asia and away from the US, but experts have stressed that the story is not as it seems with relations with Washington apparently on the mend. Back in March, The Wall Street Journal reported that Saudi Arabia is considering to trade some futures with Beijing in the Chinese yuan with almost all oil exports handled in the dollar since 1974. This was viewed as a boost for the struggling Chinese currency and also a message from Riyadh to Washington that it was unhappy wit…