International oil and gas currently faces various dynamics that affect global supply and demand. Recent trends show that crude oil prices experience significant fluctuations, driven by geopolitical factors and changes in demand due to the impact of the global economy. According to analysis, Brent oil prices have breached the $80 per barrel level, following production cuts by OPEC+ and tensions in the Middle East. OPEC+ in recent months has made voluntary production cuts to stabilize the market. Countries such as Saudi Arabia and Russia are leading this initiative, which aims to prevent further price drops. In addition, political tensions between consuming countries and large producers also affect price stability. A clear example is the conflict in Ukraine which has disrupted Europe’s energy supplies. From the demand side, economic recovery after the COVID-19 pandemic has provided a boost to the need for oil and gas. Countries in Asia, especially China and India, are showing significant increases in energy consumption, in line with their efforts to return to their pre-pandemic growth path. However, challenges such as high inflation and green energy policies in Europe and the United States have the potential to suppress demand in the long term. Recent research shows that the transition to renewable energy is increasingly recognized as a strategic step in reducing dependence on fossil fuels. Countries around the world, including G20 members, are investing in green technologies that can provide alternatives to oil and gas. These renewable energy initiatives may reduce the demand for traditional energy in the near future. Meanwhile, major energy companies such as ExxonMobil, Shell, and BP are starting to explore further sustainability projects. They are shifting part of their investment portfolio into renewable energy, such as solar and wind power. However, oil and gas are still important components in the global energy portfolio today. On the other hand, the natural gas market is also in turmoil. Demand for LNG (Liquefied Natural Gas) is increasing sharply, especially in Europe, which is looking for alternatives to Russian gas. LNG production from the United States and Qatar recorded an increase, with Europe as the main market. This is changing the global energy trading landscape and increasing competition in the gas market. Overall, the transformation in the international oil and gas sector will continue, with a focus on sustainability and new technologies. Energy roadmaps for the future must consider a combination of these factors, in the hope of achieving a balance between energy needs and environmental sustainability.