Are you looking for an API for energy market research? If that is the case, you should read this article to the end!

The energy sector is growing at an incredible pace, and it is not surprising. After all, it is one of the most important industries in the world, since it is related to the daily lives of people. For example, electricity and light are necessary for almost all the activities that take place in homes or offices. Therefore, it is not surprising that the energy sector is growing at an incredible pace. After all, it is one of the most important industries in the world, since it is related to the daily lives of people. For example, electricity and light are necessary for almost all the activities that take place in homes or offices.

A Coal Prices API is an application programming interface that allows you to access all types of futures information. This means that you can use it to find out about Newcastle coal futures, but also about other types of futures, such as crude oil futures or natural gas futures. Additionally, this API works with Artificial Intelligence, which means that its responses are always up-to-date and precise. This also allows you to save time since you won’t have to worry about checking whether your information is accurate or not.

A futures contract is an agreement between two parties to buy or sell a commodity at a specified price on a specified date in the future. Futures contracts allow producers and consumers to fix prices today on commodities they will need or produce in the future.

This provides stability and predictability for both parties and helps manage risk since they are guaranteed to receive or sell at a set price regardless of what happens to prices between now and the delivery date.

As we can see, futures are very useful tools for companies that want to invest in energy market research. This is because they allow them to see how prices evolve over time so that they can better plan their purchases or sales. However, not all APIs are created equally; some of them don’t work as well as others. That’s why we’ll recommend one here: Commodities API.

Commodities API

This API features scalable volumes, guaranteed availability, and millisecond response times. The API provides separate endpoints for Time-Series, single currency conversion, and other things in addition to live data.

Commodities-API is used daily by thousands of developers, SMBs, and big businesses. Because of its trustworthy data sources and more than six years of experience, our API is the greatest source for commodity rates.

To Use It, Just Adhere To These Steps:

• To use the API right away, all you need to do is sign up at Commodities API!
• Depending on your needs, use the various API endpoints and the symbols the API offers.
• Simply click “run” to initiate the necessary API call after locating the pertinent endpoint, then observe the outcomes appear on your screen.

Using this API, you can get information from a wide range of products. The API will provide you a unique symbol to enter into the endpoint, after which it will produce a response that looks like this. Every product has a unique symbol.

{"data":{"success":true,"timestamp":1684793280,"date":"2023-05-22","base":"USD","rates":{"COAL":0.0083507306889353},"unit":{"COAL":"per tonne"}}}

On this particular occasion, we required pricing and data for coal futures, and this API gave us the symbol “COAL”. According to this answer, 0.0083507306889353 tonnes of coal are equal to one US dollar.

One of the organizations and financial data suppliers that contributes commodities data to the API for Commodities Prices is the World Bank. The excellent support team for this API is available every day of the year.