Do you want to stay updated on the newest natural gas prices? Then use an API!
Natural gas is a blend of four naturally occurring gases, each with its own molecular structure. This mixture contains mostly methane, which accounts for 70-90 percent of natural gas, as well as ethane, butane, and propane. These gases are the result of compacted heat and pressure from dead creatures that have been buried for millions of years deep under the Earth’s surface.
Natural gas is extracted from the Earth’s interior by natural gas drilling, which occurs concurrently with oil drilling. When natural gas is recovered, it is combined with a liquid known as crude oil, and this is how it is transformed into useful energy. Its output grows year after year since it is used every day.
Natural gas is an excellent natural energy source that offers several advantages over other energy sources, including:
- Impurities are reduced.
- Chemically less complicated
- Combustion emits less pollutants.
- Produces less CO2 than other energy sources.
- Extraction is possible.
With this information, we can plainly see and understand why it is one of the world’s most important commodities. The United States is the largest producer, with more than 32 billion MMcf produced each year. Russia is second and Iran is third, with 22 and 10 billion dollars, respectively.
If you want to get natural gas rates, you should surely utilize an API. This is a technology that is utilized by numerous websites and may be used for a variety of reasons. Allow us to elaborate.
About APIs
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. Every minute, this API collects pricing data from over 15 trustworthy data sources, including banks and financial data.
To obtain the API with hourly pricing, you must first complete the following steps:
- Go to www.commodities-API.com and create your own API key.
- Locate the Natural Gas and currency symbols you wish to use. The first of these is NG.
- Locate the product and money in the list using these symbols. Make the API call after you’ve decided on them.
- Search for the most recent pricing. The website will provide you with an API in a number of computer languages that you are free to customize and use anyway you see appropriate.
Concerning Commodities-API
Commodities-API can deliver real-time commodities data with an accuracy of 2 decimal points and a frequency of up to 60 seconds. There are exchange rates for almost every commodity available, as well as Precious Metals, currency conversion, Time-Series data, and volatility information.
Rice, wheat, coffee, corn, sugar, Brent crude oil, WTI crude oil, soybeans, gold, silver, and other commodities all benefit. 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.