Is OPEC losing its influence?

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.