Global oil and gas market continues to be in the spotlight, especially given the current changes in the global economy. Against the backdrop of rising demand for energy resources and price instability in oil, the redistribution of exports and new oil and gas extraction technologies have become key factors for exporting countries. OPEC continues to maintain its positions, influencing oil production and prices in global markets. Gas storage provides supply stability but requires additional attention, particularly in European Union countries striving for more sustainable energy. In this overview, we will analyze current trends, price forecasts, and strategic approaches in the oil, gas, and energy market.