Do you need to obtain the price of natural gas per cubic meter? Then use an API!
Natural gas is a mixture of four naturally occurring gases, each having a unique molecular structure. This combination is primarily methane, which accounts for 70-90 percent of natural gas, but it also contains ethane, butane, and propane. These gases are the consequence of compressed heat and pressure from deceased species that have been buried deep beneath the Earth’s surface for millions of years.
Natural gas is a great natural energy source that has advantages over other energy sources such as reduced impurities, lesser chemical complexity, less pollution from combustion, and lower carbon dioxide emissions. It is also easily accessible for extraction. When natural gas is extracted, it is combined with a liquid called crude oil and transformed into useable energy. Its output grows year after year since it is used every day.
The United States, which accounts for about a quarter of world gas output, maintained its production level in 2020 (+0.1 percent). The Middle East (+1.2 percent), Australia (+7.9 percent), and China (+9.8 percent) all increased their gas output. In Asia as a whole, gas output fell by -0.9 percent, with Indonesia falling by 9.8 percent and Malaysia falling by 8.2 percent.
This product is often measured in cubic meters. A cubic meter of natural gas has around 38.3* megajoules per cubic meter (MJ/m3), or about the same amount of energy as a liter of diesel (38.8* Mj/l). CNG or LNG is marketed in certain countries by Gasoline per Gallon Equivalent (GGE) or Diesel per Gallon Equivalent (DGE) (DGE).
We can clearly see and understand why it is one of the world’s most significant commodities with this knowledge. If you wish to retrieve natural gas prices per cubic meter, you should definitely use an API. This is a technology used by many websites and may be used for a number of purposes. Please allow us to elaborate.
How To Use This
To make use of this, you must find software that permits you to access the API once every hour. There are many of them available online, but you should be careful which one you choose because not all of them work in the same way or provide the same results.
We strongly urge you to use Commodities-API, one of the most beneficial commodity rate tools available, to save time and money. This API collects pricing data from over 15 trustworthy data sources, including banks and financial data, every minute.
To obtain the API with hourly pricing, you must first complete the following steps:
- At www.commodities-API.com, you may generate your own API key.
- Look for the natural gas symbol (NG) and the ones of the currencies you want to use.
- Locate the product and money in the list using these symbols. Make the API call after you’ve decided on them.
- Find the most recent pricing. The website will provide you with an API in a number of computer languages that you may alter and use anyway you see appropriate.
More Information about This Software
Commodities-API can deliver real-time commodities data with an accuracy of 2 decimal points and a frequency of up to 60 seconds. Exchange rates for almost every commodity, as well as Precious Metals, currency conversion, Time-Series data, and volatility statistics, are all available.
Prices for rice, wheat, coffee, corn, sugar, Brent crude oil, West Texas Intermediate crude oil, soybeans, gold, silver, and other commodities are all rising. This API provides accurate commodity and exchange rate data for almost every commodity, as well as 170 different foreign currencies, including Bitcoin and other major cryptocurrencies.
Also published on Medium.