Global Tensions and Economic Concerns Pressure Energy Markets Growing pessimism over global supply and demand sent crude oil prices slipping in Monday’s trading session. Analysts pointed to a mix of geopolitical tensions, sanctions, and economic strain as the leading factors behind the market’s downturn. The continued war between Russia and Ukraine, coupled with U.S. sanctions …
Company Advances Toward Final Investment Decision Stardust Power Inc., the company planning a lithium processing plant in Muskogee, said in its third-quarter financial report that it is close to a final investment decision and the start of construction. The financial report showed the firm remains debt-free, has $1.6 million in cash on hand, and improved …
Oil Markets Show Modest Recovery After $2 Decline Crude oil prices posted a slight rebound Thursday following the $2-per-barrel drop on Wednesday, as investors weighed ongoing concerns about global oversupply. Despite Thursday’s uptick, traders remained cautious after the Energy Information Administration (EIA) reported a larger-than-expected increase in U.S. crude inventories, offsetting optimism for a broader …
Oil Prices close higher after early weakness After dropping earlier in the day, crude Oil Prices closed up on Monday and at the same time, Oklahoma Energy stocks had a strong day in trading. However, intraday reversals remain common inside high-volatility macro environments. Traders say upside recovery strength shows that crude markets remain extremely reactive …
Major Strategic Step for Stardust Power Lithium processor Stardust Power Inc. announced another major step in its plans to turn its Muskogee facility into a major source for battery-grade lithium carbonate.However, incremental progress by Stardust Power shows steady execution discipline through staged development steps rather than speculative accelerated scale signaling.Additionally, anchoring supply inside the …
Oklahoma’s Lithium Future Gains Momentum Stardust Power Inc., the lithium refinery developer in the process of building a refinery in Muskogee, announced this week the signing of an agreement to get some of its needed minerals from a Canadian supplier. Based in Greenwich, Connecticut, Stardust said it had executed a Letter of Intent with Prairie Lithium …
New Leadership for Muskogee Lithium Project Stardust Power Inc., a leading lithium development company, has taken a major step forward in its Muskogee, Oklahoma project. The company announced that Kenneth Pitts will serve as Construction and Subcontracts Director, overseeing refinery construction and subcontract portfolios. Based in Houston, Pitts will direct large-scale onsite projects and coordinate …
