Commodities
Energy Merchant Six One Overtakes Trafigura in US Gas Trading
Storage tanks at a refinery in Port Arthur, Texas.
Photographer: Mark Felix/BloombergSix One Commodities LLC has more than tripled its physical US natural gas trading activity, catapulting the firm above heavyweight commodity houses Trafigura Trading, Freepoint Commodities and Hartree Partners.
The rapid increase by a merchant business founded in 2018 comes as increasing market volatility provides an edge to traders that can ship and store the fuel, pulling newer entrants into a race for a bigger piece of the real-world gas market.