FIRST AIRED: October 3, 2018

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COMING UP:Share Opener Variant 1



>> We protect Saudi Arabia, would you say they're rich?>> Border sources say Russia and Saudi Arabia struck a deal last month to quietly increase their oil production and they notified the United States that they were doing so. But the agreement was kept quiet because publicly they have refused to bow to demands from the White House to do exactly that, increase production before the November midterm elections.
>> And I love the king, King Solomon, but I said, King, we're protecting you. You might not be there for two weeks without us, you have to pay for your military.>> That was President Trump on Tuesday. He's long criticized OPEC members like the Saudis for what he perceives as taking advantage of their alliance by keeping oil prices high.
Russia is not an OPEC member but it obviously has its own pressures from the states. It appears now that Moscow and Riyadh are sidestepping OPEC with their agreement. It's not clear yet how the other OPEC countries feel about this.>>
>> Public record shows that the Saudi energy minister, Khalid Al-Falih, flew to the United States to watch a football game with Energy Secretary Rick Perry in the days before the agreement.
The two are both graduates of the same university. The men then made separate visits to Moscow within days of the game to meet their Russian counterpart, Alexander Novak. Sources say the deal came to fruition before an OPEC and Russian meeting in a Algiers on September 21st, although both parties said during that meeting that they would not increase output.
OPEC's output's been down in part because of US sanctions on one of its members, Iran.