Do you want to learn how to find an alternative way in the market due to the current energy crisis? Read this post about an API that will help you get into market data!
Beyond the horror of war, armed conflicts always trigger different economic crises. The Russian invasion of Ukraine unleashed that the prices of the products of both countries will explode, passing three times their normal price.
One current problem is, for example, the natural gas that flows through a network of pipelines from Russia and heats homes and fuels factories in much of Europe. Russia supplies roughly one-third of Europe’s natural gas, and its importance as a supplier grew as the continent’s domestic production declined.
Western officials are wondering what would happen if Moscow gave a catastrophic response to the tensions: a cut off of those oil and gas supplies, in the middle of a European winter. Although natural gas flows vary and have recently decreased, about a third of Russian gas exports to Europe typically pass through Ukraine. Those pipelines could become collateral damage during a Russian invasion.
In this way, analysts are looking for an alternative route to gas produced by Russia. Countries like Switzerland that consumes 15, 486 cubic feet of natural gas per capita every year and has no domestic gas production, it´s taking refuge in the energy and gas produced by hydroelectric plants.
This new item in the game positions them as one of the countries that most quickly thought of a plan to survive the winter and economic experts study their movements in the market with interest. For this, they use Commodities-API which is a website that obtains real and live data about different currencies and commodities.
Why Choose Commodities-API?
Commodities-API is a free and open site with more than six years of experience and a wide variety of currencies and commodities in its database. Among the factors by which customers choose it, we can talk about:
Security
Security is one of the most important points when starting to invest. Commodities-API knows that and has an encryption for your connection with bank-grade 256-bit SSL security.
Search Speed
Commodities-API is designed on a solid back-end architecture that guarantees high availability and response times for defined API requests of fewer than 50 milliseconds.
Easy To Use
Commodities-API it´s simple to use. You just have to this:
- Go their website,
- Obtain an API-key
- Select the currency (CHF) and the commodity (NG).
Costumer Support
Commodities-API has a customer service that is open online from 10am to 7pm (EST time). You just have to send an email and their Customer Support team will assist you. Emergency operations are taken in a matter of minutes.
For more details, visit their website.