Do you want to know natural real-time rates? Then using an API is the solution.
Natural gas is colorless and odorless, explosive, and is produced over millions of years when decomposing plant and animal matter is exposed to intense heat and pressure under the Earth’s surface.
It is a hydrocarbon gas combination that occurs spontaneously and is largely made of methane. It contains varying amounts of other higher alkanes as well as traces of carbon dioxide, nitrogen, hydrogen sulfide, and helium. Furthermore, it is a nonrenewable hydrocarbon that is used as an energy source for heating, cooking, and power generation.
Natural gas is one of the most significant and biggest commodities in the world. The United States is the country that generates the most each year, with more than 32 billion MMcf. It is followed by Russia, which has more than 22 billion, and Iran, which has almost 10 billion.
How To Get Natural Gas Rates
Nowadays, one of the easiest ways to get commodities rates is by using an API. This is an interface that collects the specific data the user asked for and provides it to him or her almost instantly. This can be about many things and it is used in most of the websites we visit every day.
To have access to an API, you need to find a software that provides you with it. Most of them are really useful and can make your job easier, moreover having in mind that the industry moves really fast every second. However, not every software can give you natural gas real-time rates, so you should be careful to not lose money.
For this example, we will use Commodities-API, since we think it’s the easiest to use software at the moment. This is a free program that counts a wide range of currencies and commodities and delivers data with a precision of two decimal points.
To obtain the API, you must first:
- Go to www.commodities-API.com and sign in to obtain your personal API key.
- Look for the symbols of Natural Gas and the currency you wish for.
- Locate the commodity and money in the list using these symbols. Make the API call after you’ve decided on them.
- The website will deliver an API in several programming languages that you may modify, utilize, and adapt as you see fit.
The result will look something like this:
{
"success": true,
"timestamp": 1519296206,
"base": "EUR",
"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,
[...]
}
}
How Does This Work?
Commodities-API gathers data from banks and stock exchanges. It then shows it to the user with a two-decimal point precision. It also employs bank-grade 256-bit SSL encryption to safeguard your privacy. This API returns midpoint data, which is calculated by averaging the median bid and ask rates for a specified time period.
Also published on Medium.