Do you want to get natural gas rates per MMBtu? We have a great API for you, it definitely will help!
Natural gas is an abundant and affordable source of energy. It’s also used to power vehicles with natural gas engines and fuels stoves, grills, and furnaces. Over 85 percent of homes in the U.S. have natural-gas appliances or systems.
Nowadays, it is too important to know the price of the natural gas per MMBtu because it is expected that the price will be 3.40 USD/MMBtu by the end of the quarter. That’s why you should stay updated if you want to invest in this industry.
What is MMBtu?
MMBtu stands for Metric Million British Thermal Unit and is a unit of measurement for heat content or energy value. It is widely related to the global measurement of natural gas in terms of energy.
The best way to get it is using an Application Programming Interface (API) because It allows you to gather precise data that you may pass on to your consumers. You’ll have access to some of the most latest and up-to-date trading data through a single point of contact.
However, natural gas rates are not supported by all software, and obtaining this technology can be difficult. As a result, we propose that you use Commodities-API, which is the most comprehensive way to get Natural gas rates per MMBtu.
To obtain natural gas rates per MMBTU, you should follow these steps:
- At www.commodities-API.com, you can get your own API key.
- Look for the Natural Gas (NG) and the currency symbols that you want to use.
- Use these symbols to find the product and money in the list. After you’ve settled on them, make the API call.
- Seek out the latest recent rates. The website will give an API in a variety of programming languages, which you are free to modify and use in any way you see fit.
The result will look like that:
{
"success": true,
"timestamp": 1519296206,
"base": "NG",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Why Commodities-API?
To save time and money, we strongly advise you to use Commodities-API, one of the most useful commodity rate tools accessible. This API gathers pricing data from over 15 trustworthy data sources per minute, including banks and financial data.
Commodities-API can provide real-time commodity data with a 2 decimal point precision and a frequency of up to 60 seconds. There are exchange rates for practically any commodity, as well as precious metals, currency conversion, time-series data, and volatility information.
Natural Gas, wheat, coffee, corn, sugar, crude oil (Brent and WTI), soybeans, gold, silver, and a variety of other commodities are all backed. This API delivers precise commodity and exchange rate data for practically any commodity and 170 foreign currencies, including Bitcoin and other cryptocurrencies.
Also published on Medium.