Russian President Vladimir Putin met with Russian oil company president sergein on the 18th local time, according to Russian satellite news agency. The latter gave Putin a bottle of oil and praised it as “one of the best high-grade oil in the world”. According to Xie Qin, this is the first batch of oil from well 31 of the “Dongfang oil” project, with a sulfur content of 0.02% and a density of 0.826g per cubic meter. On the same day, Argus quoted us $11 per barrel (about 76.11 yuan). “Is it as good as Middle East oil?” Putin asked “Better than Middle East oil,” he replied After hearing this, Putin nodded and laughed, “of course, it’s good.” Xie Qin also said with a smile, “of course, it’s good. It’s made by us.” According to CCTV news report, during the meeting on the same day, Putin pointed out that the world economy will recover growth sooner or later, so it is necessary to be prepared to meet the challenges. Xie Qin said that Russia’s domestic fuel demand has begun to recover after a short period of decline. In the second half of the year, the company’s fuel production will not be exported, and all production capacity will only be supplied to the domestic market.