Global oil trade continues to experience dynamics that affect the world economy. One of the most significant recent developments is the increasingly urgent transition to renewable energy. Large countries such as the US and China are serious about reducing dependence on oil. Investments in renewable energy technologies, such as solar and wind power, are booming, which has a direct impact on global oil markets. On the other hand, OPEC+ (Organization of Petroleum Exporting Countries) remains the dominant force in controlling oil supply. Against the backdrop of demand fluctuations due to the pandemic and geopolitical crisis, OPEC+ decided to maintain production quotas in order to stabilize prices. This policy indicates that despite pressure to switch to clean energy, oil remains a vital commodity in the short term. The increase in oil prices was also triggered by geopolitical conflicts, especially in the Middle East region. Tensions between Russia and Ukraine have had a significant impact, affecting energy supplies in Europe. In addition, sanctions against Russia have the potential to shift oil trade flows, with Asia, especially India and China, becoming the main buyers. This changes the landscape of global oil trade and poses challenges for Western countries that depend on stable supplies. The use of blockchain technology in oil trading is also the latest trend that affects trading efficiency and transparency. This technology enables better tracking along the supply chain, thereby reducing the risk of fraud and increasing trust between sellers and buyers. In the context of oil prices, short-term predictions show high volatility. The Global Economic Outlook predicts that oil demand will continue to fluctuate, influenced by post-pandemic economic recovery and changes in environmental policies. Meanwhile, analysts predict that new investment in oil fields will slow due to uncertainty in the energy market. One of the challenges faced is the shift in demand. Developed countries are committed to reducing carbon emissions, leading to reduced oil consumption. On the other hand, developing countries, despite efforts to transition to clean energy, still need oil in the short term to support economic growth. From the consumer side, changes in preferences are also visible. Electric cars are becoming increasingly popular, and this is influencing oil demand projections in the next decade. Major automakers are shifting their focus from fossil fuel vehicles to electric vehicles, in a strong signal of reduced global oil demand. The interconnection of global energy markets is also increasingly complex with the emergence of new countries as major producers. Nigeria, Brazil and Guyana, for example, show great potential in oil and gas production. Threats to oil markets come not only from the energy transition but also from ever-changing geopolitics, keeping oil trading a hot topic in the international realm. Observations of oil consumption and production patterns, as well as adaptation to new technologies and environmental policies, provide a striking picture of the future of global oil trade. In this scenario, it is important for investors and stakeholders to remain sensitive to these changes in order to take advantage of existing opportunities.