accounting choices in Oslo Stock Exchange listed oil companies in response to the oil price shock of2014. From June 2014 to January 2015, the price of Brent crude oil per barrel dropped from around$115 to $46. This downfall is mainly attributed to USA’s increased shale oil production and OPEC’sdecision of keeping their production stable, deciding that low oil prices offer more long-term benefitsthan giving up market share (McCain, 2015).
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