World oil price trends in 2023 show significant fluctuations due to geopolitical factors, global demand and the energy transition. The war in Ukraine and sanctions against Russia continue to impact oil supplies, causing uncertainty in the market. At the beginning of the year, crude oil prices such as Brent and WTI recorded an increase of around 15-20%. Global oil demand is predicted to increase in line with post-pandemic economic recovery. According to OPEC, demand is expected to rise by 2.3 million barrels per day in 2023, driven by developing countries. However, recession fears in Europe and the US may limit this demand growth. Oil production is also experiencing adjustments. OPEC+ countries are trying to maintain price stability by reducing production. In March 2023, Saudi Arabia announced additional cuts, creating pressure on global inventories. On the other hand, shale oil production in the US continues to increase, encouraging oil exports from this country to become competitive in the global market. The energy transition towards renewable energy sources and efforts to reduce carbon emissions are important trends. Many countries are investing in green technologies, although the need for oil remains high in the near future. Electric car penetration is increasing, but the presence of fossil fuel vehicles remains dominant, maintaining demand for oil in the transportation sector. Oil trading is also influenced by the USD exchange rate. Currency fluctuations can affect the purchasing power of oil importing countries. In addition, monetary policy in developed countries, including an increase in interest rates by the Fed, has the potential to suppress world oil demand. Global oil stocks are an important indicator in price trend analysis. The weekly report from the US Energy Information Administration (EIA) showed that US crude oil stocks decreased, raising concerns about lower supplies and allowing prices to remain stable. Overall, world oil price trends in 2023 reflect complex dynamics involving supply and demand, geopolitical policies, and the energy transition. Investors and stakeholders must follow these developments to understand the existing volatility in the global oil market and its potential impact on the world economy.