Energy stocks were moving higher premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.6%.

The United States Oil Fund (USO) was 2% higher and The United States Natural Gas Fund (UNG) was up 1.3%.

Front-month US West Texas Intermediate crude oil was up 1.7% at $95.08 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.9% to $102.13 per barrel, and natural gas futures were 1.9% higher at $3.08 per 1 million British Thermal Units.

Eni (E) shares were up more than 3% after the company said it signed a new five-year revolving credit facility worth 9 billion euros ($10.36 billion) that can be extended by up to two years. Eni also said first gas delivery has been made from New Gas Consortium's Quiluma field offshore Angola.

TotalEnergies (TTE) stock was up more than 2% after the company said it has started production from the Quiluma gas field in Angola, where it holds an 11.8% stake, alongside partners Azule Energy, Cabinda Gulf Oil, and Sonangol E&P.

Solaris Energy Infrastructure (SEI) shares were up more than 5% after the company said it closed two deals with an upfront value of $620 million to add about 900 megawatts of natural gas turbine capacity between 2026 and 2029.