At the risk of sounding harsh, I don't think you have even a basic understanding of the oil market and as such I would advise against trying to time this sector.
In online discussions, much like in investing, it's best not to make statements of this caliber based on mere assumptions and 2 posts...
The OPEC efforts I was referring to are the Doha conference in April and the Algiers meeting in August. Both fell through because of Iran and their inability to get everyone on board. In
his recent interview with Bloomberg, Putin himself acknowledged that merely capping the output wouldn't do much good - it would take a reversal. (Or, and that's my personal commentary, an oil-related crisis, which wouldn't be too difficult, given that a lot of the oil producers aren't in the most stable regions...)
Another interesting factoid is that a Russian-born oil oligarch
gave a fair chunk of money to Trump's campaign.
As for Trump's campaign promises to expand domestic oil and natural gas production - he's already started back-pedaling away from his key campaign promises. He might still follow through with them, but there's also a good chance he doesn't.
After all the effort the Russians have put into supporting Trump's campaign, I highly doubt he wouldn't help them out at all. But, like I said, let's wait and see. I'm not going all in, but I'm setting aside a chunk of my portfolio for this thought experiment.
Have a
nicer day. ;)