Do you want to start learning about the natural gas market and don’t know how? Use an API, a programming interface that connects systems and applications to each other, to keep an eye on your finances!
Natural gas is known as a transition fuel. For domestic uses, gas networks are used, which are extracted from gas fields and processed to remove other gases and condensates. The resulting gas, mainly methane, is then distributed through pipelines to our homes.
Due to this, investing in natural gas can be very interesting if you study its value that enjoys high volatility and solid growth predictions. Due to continued use, natural gas is in high demand and its prices have risen exponentially in 2022, so there will always be an option to suit various investment styles.
For example, in countries like New Zealand where around 45% of total power generation comes from natural gas, prices are up 24% compared to last year. In this way, electricity companies buy large volumes of gas at a relatively low price, and then the electricity is distributed through the network to homes and businesses. This commodity is highly liquid in the market, making it easy for traders to enter and exit trades with little difficulty!
As an investment, natural gas tends to suffer large daily fluctuations, due to its liquidity and high trading volumes, which is why we recommend Commodities-API.
What Is Commodities-API?
It’s a free web API service that offers you real-time statistics on commodities including coffee, rice, and maize.
How Is It Used?
Commodities-API provides an exchange in any currency with two decimal point precision and a selection of 170 market goods. It also contains information from prior months or years, allowing you to make informed decisions about how to proceed in the market.
What Is The Source Of The Information?
The commodities-API service collects commodity price data from over 15 reliable data sources every minute. Among the sources are banks and financial data businesses.
How Do I Register For The First Time?
The following are the simple steps to using Commodities-API:
- Go to the website
- Sign up
- Request an API key
- Select the sort of goods (NG) and currency (NZD) you’d want to work with.
And that’s all there is to it!
For more information, check their website.