Is OPEC losing its influence?
Isobel Ewing from Vienna

Translating...

Content is automatically generated by Microsoft Azure Translator Text API. CGTN is not responsible for any of the translations.

Error loading player: No playable sources found
02:49

After the Organization of the Petroleum Exporting Countries (OPEC) failed to secure a deal with Russia and other non-OPEC oil producers on its plans for heavy production cuts, the group's influence on the global scene and its response to growing concerns over climate change is up in the air.

With the development of new methods of natural resource extraction such as fracking and large economic blocks shifting towards greener technology, CGTN Europe's Isobel Ewing explains from Vienna how this powerful intergovernmental oil body is planning for the future.