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Hello and welcome to the intelligence from The Economist.

I'm your host, Jason Palmer.

Every weekday, we provide a fresh perspective on the events shaping your world.

Oil majors have been reporting bumper profits again.

Part of what's added to their balance sheets is some sell-offs.

They're responding to pressure to offload the dirtiest bits of their operations.

So who are the buyers?

And our annual Democracy Index is out, and it's not encouraging reading.

On the whole, global freedom is under even more pressure than last year.

But in the country rankings, there are some bright spots, too.

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