Trillion Energy says global supply shock boosts Türkiye oil project economics

Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) is weighing in on the current state of global oil markets, arguing that an unprecedented supply disruption has materially improved the economics of its M47 oil exploration block in southeastern Türkiye. The Vancouver-based company said the global oil market is facing the largest supply disruption on record, with restricted flows through the Strait of Hormuz removing an estimated 9.1 million barrels per day from global supply — a level the company says surpasses prior shocks, including the Gulf War.