Are you interested in the world economy? Do you want to invest in Natural Gas and don’t know how? Read this post to know an API that will give you a hand with this matter!
Natural gas is a naturally occurring hydrocarbon gas combination that mostly consists of methane with minor quantities of other higher alkanes and, on rare occasions, carbon dioxide, nitrogen, hydrogen sulfide, or helium. Because natural gas is colorless and odorless, a sulfur stench (similar to rotten eggs) is commonly used to identify leaks early.
Natural gas is classified as a fossil fuel. It is generated over millions of years when layers of decaying plant and animal materials are exposed to tremendous heat and pressure under the Earth’s surface. The energy that the plants got from the sun is stored in the gas in the form of chemical bonds. Natural gas is a nonrenewable hydrocarbon that is used for heating, cooking, and other purposes.
For example, Canada is one of the five countries that produce the most natural gas, including the United States, Russia and Iran. It´s estimated that Canada produces 6,751,698.28 million cubic feet (MMcf) of natural gas per year. Due to the current war between Russia and Ukraine, economic experts have decided to start watching the rest of the countries like Canada to get natural gas prices on the stock market to drop a little before winter.
In fact, the natural gas production in Canada are from the regions of British Columbia, Alberta, and Saskatchewan, with smaller volumes produced in Ontario and New Brunswick. This also makes the gas produced easier to transport due to the submarine pipes that connect Europe with Canada. Economists think that Canada is a great option as a replacement for Europe’s natural gas supplements. For this, they keep updated to the changes in the rates of the Canadian dollar and natural gas with Commodities-API.
What Is Commodities-API?
It is a free and open internet platform for monetizing up to 170 currencies and products, including coffee, rice, corn, cotton, and soybeans, among others. The site is powered by an API, which is a piece of computer software that allows it to connect its products and services to those of others without their knowing, saving time and money.
It’s Easy To Use?
Commodities-API is unique in that it is a very user-friendly website. Simply follow the instructions below.
- Register for a free account on the website.
- Obtain an API-key for each user, which is personal and non-transferable.
- Choose your preferred commodity (NG)and currency (CAD)
How To Get Past Reports?
With Commodities-API you can obtain reports of previous days, weeks, months and years. To do so, go to the “historical rates” option and, in the URL space, enter the date you want to search for in a YYYY, MM, DD format. In this way, reports will be obtained that go until August 2021.