Trillion Energy International is capitalizing on a record global oil supply disruption to advance its exploration program in Southeastern Türkiye, as crude prices hold above $100 per barrel.
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Trillion Energy to push Türkiye exploration as oil prices pass $100
(P1) Trillion Energy International Inc. is moving to advance its M47 oil exploration program in Southeastern Türkiye, citing the largest supply disruption in the history of the global oil market that has pushed Brent crude prices to settle between $100 and $110 per barrel.
(P2) "We do not use crude oil as an input, and our feedstocks are sourced domestically from waste streams," Chris Cooper, Chief Executive Officer at XCF Global, said, highlighting a different strategy focused on sustainable aviation fuel that avoids direct exposure to petroleum supply chains. While Trillion's focus is on conventional oil, the entire energy complex is being reshaped by the current crisis.
(P3) The disruption, centered on the conflict around the Strait of Hormuz, has choked a critical artery for global trade. About 25% to 30% of global oil passes through the strait, according to the International Monetary Fund. Brent crude, which started 2026 at $65, shot to around $120 in March before stabilizing at its current elevated levels.
(P4) This sustained high-price environment creates a strong economic incentive for exploration companies like Trillion Energy. Higher potential revenue from its M47 block could significantly boost the company's profitability and attract investor interest, especially as the International Energy Agency characterizes the situation as the “largest supply disruption in the history of the global oil market.”
Geopolitical Shock Reshapes Energy Trade
The conflict's impact extends far beyond crude oil, creating a strategic reset for global trade. With the Gulf blocked, freight rerouting around the Cape of Good Hope adds up to 14 days and a 40% fuel cost increase for a standard Asia-to-Europe voyage. This has led to a decoupling of prices in refined products like jet fuel, which has jumped 140% in Singapore, according to the IEA.
The crisis is also affecting the agriculture sector, as roughly 30% of the world's fertilizers, like ammonia and urea, transit through the Strait of Hormuz. According to the UN Food and Agriculture Organization, urea prices have already surged by more than 30 percent. This intertwines the food and fuel markets, a connection noted by Bhavna Shah, Vice President of the Indian Vegetables oil Producers’ Association, who stressed that the edible oil economy must be viewed through the lens of food, feed, and fuel.
Exploration Spending on the Rise
The supply shock is prompting a surge in exploration spending, as noted by industry giants SLB and Baker Hughes. For smaller explorers like Trillion Energy (OTCQB: TRLEF), the high prices improve the economics of developing new resources. The company's focus on its M47 program in Türkiye represents a direct response to a market signal that more diverse sources of crude are urgently needed to build resilience against geopolitical shocks. The success of such programs could be critical in mitigating the "modest" rise in global headline inflation projected by the IMF for 2026.
This article is for informational purposes only and does not constitute investment advice.
[1] Climate risks, geopolitical tensions, energy markets reshaping India’s edible oil sourcing[2] SLB, Baker Hughes see oil exploration spending rising as Iran war disrupts supply[3] Adapting to new paradigms in global trade[4] XCF Global, Inc.: Brent Crude Swings Over $50 Per Barrel in 12 Months as XCF Global Highlights Stability of U.S. Waste Based Feedstock Model
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