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Iran's Oil Comeback
(Bloomberg) Anthony Dipaola and Grant Smith - Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions, with exports having doubled to 2 million barrels a day, flowing again to previously prohibited markets in Europe. A series of output disruptions from Nigeria to Canada and Venezuela has meant that the extra Iranian oil has been easily absorbed by the market, said Mike Wittner, head of oil-market research at Societe Generale SA in New York.