OPEC, Oil Prices and Problems for the International Accounting Standards

Alex Russell; Masud Ibrahim

OPEC, Oil Prices and Problems for the International Accounting Standards

Robert Gordon University

Research output: Contribution to journal › Article › peer-review

Abstract

The authors briefly review the literature on the performance of the Organization of the Oil Exporting Companies (OPEC) in its attempts to stabilize oil prices. It also considers how the high price of oil has enabled certain non-OPEC countries to become major players as oil and gas producers and what the potential implications are for accounting standard regulators given the risks attached to identifying viable reserves of oil and gas.

Original language	English
Article number	997
Pages (from-to)	1-11
Number of pages	11
Journal	Petroleum Accounting and Financial Management
Volume	32
Issue number	2
Publication status	Published - Jul 2013
Externally published	Yes

Cite this

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OPEC, Oil Prices and Problems for the International Accounting Standards

Abstract

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