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US Crude

BP sends almost three million barrels of US oil to Asia

SINGAPORE: Oil major BP (BP.L) is shipping almost three million barrels of US crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts. BP's efforts, involving one of the world's longest sea routes, seven tankers and a series of ship-to-ship transfers, underscore a desire among oil traders to develop new routes to sell swelling supplies of cheap US shale oil to Asia, the world's biggest consumer region. While exports of…