Do you want to invest in the energy of the United States? Learn about it and how to obtain monetary data through an API!
The energy industry literally and symbolically drives the global economy. As nations reform their economies and shift demand to carbon-free sources of energy, rising oil and natural gas prices make it an excellent moment to examine energy stocks.
The United States consumes and generates a wide range of energy kinds and sources, which may be classified into primary and secondary, renewable and nonrenewable, and fossil fuels.
Fossil fuels (petroleum, natural gas, and coal), nuclear energy, and renewable energy sources are all primary energy sources. Electricity is a secondary energy source that is created from fundamental energy sources.
Liquid fuels are measured in barrels or gallons, natural gas is measured in cubic feet, coal is measured in short tons, and electricity is measured in kilowatts and kilowatthours. British thermal units (Btu), a measurement of heat energy, are extensively used in the United States to compare different sources of energy. Total primary energy consumption in the United States in 2020 was estimated to be at 92,943,042,000,000,000 Btu, or roughly 93 quadrillion Btu.
In 2020, the electric power sector accounted for virtually all of overall utility-scale energy generation in the United States, with nearly all of it sold to other sectors. Because of this, investing in US energy is a high-profit move for those who invest in the stock market. Although the fact of investing in the stock market can bring many headaches due to its volatility, we have to learn to monitor them through various tools that we can find on the internet. An example could be Commodities-API
Explaining Commodities-API
Commodities-API It’s a company that offers monetized data on coffee, cereals, and oils, among other things. It does it by acquiring them using an API, which takes less than a minute to set up after establishing agreements with financial institutions. On this platform, you may pick from 170 different currencies and commodities.
How To Use The Platform
Commodities-API has the benefit of being incredibly user-friendly. Take the following steps to do so:
- You may generate your own API key.
- Browse for the commodity and currency symbols you wish to avail.
- Lookup the product and money in the list using these symbols. Perform the API call after you’ve decided on them.
- Figure out what the current pricing is. The website will give you lots an API in a number of computer dialects that you may alter and use whatever you want.
And that is it, now you can use this commodities rates API!
A Trustworthy Platform
Every minute, their API pulls commodity pricing data from over 15 trusted data sources. Banks and financial data companies are among the sources. They additionally safeguard your connection with bank-grade 256-bit SSL encryption. Commodities-API is used by thousands of developers, small businesses, and huge organizations on a daily basis. Because of its dependable data sources and more than six years of expertise, this API is the most popular site for commodity rates.
A Reliable Source Of Information
This site’s API gathers data on commodity and currency values from more than 15 credible data sources every minute. Banks and financial data businesses, as well as the World Bank itself, are among the sources.