Pimmit Partners to hold conference to discuss global oil prices

Pimmit Partners' hierarchy have called a meeting to discuss the falling prices of oil and its implications. End Quote

(1888PressRelease) March 21, 2017 - Pimmit Partners' conference will be held at its headquarters in Hong Kong on Wednesday 5th April 2017.

Pimmit Partners' Chief Financial Officer, Mr. Guillem Sanz Adrià commented on the upcoming meeting saying "The price of oil has dropped significantly this year. It went down to below $40 a barrel very quickly, and this is surely terrifying for us all. Now the question is how to react, and what effect will lower oil prices have in a highly volatile region like the Middle East."

"The most important internal political challenges that are likely to face the governments of oil-producing countries that have created revenue systems dependent on oil are to meet their populations' needs and lifestyles, such as the large salaries and benefits that everyone believes is the country's duty to provide no matter the status of oil", added Guillem Sanz Adrià, Chief Financial Officer of Pimmit Partners.

Pimmit Partners' Chief Investment Officer, Mr. Reginald Fisher also commented saying "Most OPEC countries have set their current financial budgets on the basis of oil at a minimum of $80 a barrel, while some of them have set the price at more than $100 in their budgets. It seems that the recent decline in world oil prices has created a state of confusion, which is normal. Some economists believe that Gulf states may not experience financial problems in the short term because of good financial assets that could be sold to cover the deficit in the budget."

Pimmit Partners' Chief Investment Officer also added "However, a continued decline in oil prices in the long term may reduce the typical government support to some key sectors such as healthcare, education and housing, which may affect the standard of living in these countries and thus the needs of the people. Iraq and Libya, two main producers of oil, are confronting internal conflicts, but oil prices are collapsing at the same time. This is a major crisis, but it can be temporary and controlled", said Reginald Fisher, Chief Investment Officer for Pimmit Partners.

Established in Asia's financial hub, Pimmit Partners opened its doors in Hong Kong in 2007. Since its inception, Pimmit Partners have formed strong presence and is one of the most prosperous wealth management firms in the Asia-Pacific region, managing assets in excess of US$3 billion. Headquartered in Hong Kong, Pimmit Partners firm presence in Asia, we now have offices in Taipei, Shanghai and now Tokyo.

Pimmit Partners was formed with the fundamentals that the client's needs always come first and we do this by administering the very best financial solutions for every single one of our clients'. Our bespoke financial solutions tailor made for each client entails a meticulous planning strategy to maximize returns whilst minimizing risk.

Our established and dependable advisors are experts in all aspects of wealth management. Whether it is financial planning, investment management or estate planning, Pimmit Partners devoted advisors have the know-how to execute the complex requirements needed for our clients and we make sure that all of our clients' financial requirements are fully compatible with their desired lifestyle.

Pimmit Partners offers an extensive array of financial and investment solutions and our superior levels of service, coupled with our knowledge and experience in the financial world sets us apart from our fellow industry professionals.

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