World oil price trends in 2023 show complex dynamics, influenced by various economic, geopolitical and environmental factors. At the beginning of the year, oil prices experienced a significant increase, driven by the recovery in demand after the COVID-19 pandemic. Major oil producing countries, especially OPEC+, implemented a strategy of cutting production to offset this surge in demand. One of the main factors influencing prices is geopolitical tensions, especially in the Middle East. Prolonged conflict and sanctions against producing countries, such as Russia, have created supply uncertainty that is pushing oil prices higher. Additionally, the situation in Ukraine remains a global concern, resulting in significant price fluctuations. Energy demand from large countries, such as China and India, also contributes to the upward price trend. As China continues to open up its economy, energy consumption is increasing, which has direct implications for oil needs. India, as a developing country, continues to increase its industrialization capacity which requires a stable oil supply. On the other hand, developments in renewable energy technology are starting to show an impact on the oil market. Large investments in clean energy could impact oil demand in the long term. However, the slow energy transition and high dependence on fossil fuels in many countries still maintains interest and need for oil. Global inflation and monetary policy in major countries are also determining factors. Rising interest rates in major economies, such as the US, have the potential to suppress economic growth and reduce demand for energy goods. Global economic uncertainty has triggered increased volatility in oil prices, which is visible through daily fluctuations in the market. Monitoring the price of crude oil, such as Brent and WTI, shows that during 2023, Brent prices will consistently be above $80 per barrel, with several spikes reaching above $90. This shows that the market is still quite sensitive to changes in the demand and supply sectors. Stricter environmental policies also pose a challenge to the oil industry. Governments around the world are setting ambitious carbon emissions reduction targets, which could disrupt oil production expansion plans. Oil companies are now focusing more on sustainability and reducing their carbon footprint, which could impact investments in the upstream sector. Entering the second half of 2023, oil price trends become increasingly polarized. The market is starting to anticipate the possibility of a recession that could reduce energy demand. In this context, OPEC+ may consider new policies to stabilize the market by adjusting production levels. Overall, world oil price trends in 2023 reflect a complex interaction between rising global demand, geopolitical tensions and efforts for an energy transition. Continued price fluctuations are an indication that the global energy market has not fully recovered and remains vulnerable to various external factors.