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The Economist.

From The Economist in London, this is Money Talks, a weekly program about news in the worlds of

business, finance and economics. I'm Andrew Palmer, the business affairs editor.

It's been a shaky start to the year and last week we discussed the global jitters in the financial markets.

This week markets have been calmer but concerns remain, specifically the policy makers are

out of ammunition.

Here with me now to discuss these topics is Ryan Avent, our economics

columnist, and Henry Trix, our energy editor. Henry, let's start with you because we've

had some news this morning about the oil market and an agreement

between Saudi Arabia Russia and others to freeze production can you just walk

us through that and tell us whether it matters?

Yeah. Any hint that Saudi Arabia and Russia, which are basically the two biggest exporters, would cut production,

would be seen as positive for the oil markets, given the huge oversupply that there is and this

agreement is somewhat unexpected I think a week ago no one really would have

...