OPEC, Oil Prices and Problems for the International Accounting Standards

Alex Russell, Masud Ibrahim

Research output: Contribution to journalArticlepeer-review


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 languageEnglish
Article number997
Pages (from-to)1-11
Number of pages11
JournalPetroleum Accounting and Financial Management
Issue number2
Publication statusPublished - Jul 2013
Externally publishedYes


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