Do you want to obtain natural gas prices? Here. we explain to you how a JSON API can help.
When we talk about natural gas, we refer to a colorless, odorless, and explosive gas that is produced when decaying plant and animal waste is subjected to high heat and pressure. It is mostly utilized as a source of energy for heating, cooking, and generating electricity.
Besides, it is a hydrocarbon gas mixture largely consisting of methane with traces of carbon dioxide, nitrogen, hydrogen sulfide, and helium, as well as other higher alkanes in varying amounts. Since it is used every day, its production keeps growing more and more every year.
Knowing all this, we can definitely see and understand why it’s one of the most important commodities in the world. Its largest producer is the United States, which produces more than 32 billion MMcf each year. Russia and Iran are close behind, with 22 and 10 billion dollars, respectively.
With all this in mind, you probably want to invest in this product and keep yourself updated on the latest rates. Since that can be difficult, we highly recommend using an API for it. This is an interface that collects data from a place on the internet and then provides it to the person who asked for that information.
APIs are used for many different purposes all around the world, even by some big websites or social media platforms. It has many diverse uses, so it is really useful when you need fast and accurate information.
How To Get An API
The fastest way to get this technology is by accessing a software that provides you with it. There are many of these online and it can be hard to find the perfect one for you since not every single one of them works the same way. Because of this, you should be careful with what you use because a bad choice can make you lose time and money.
To explain this better and to help you with your choice, we recommend using Commodities-API, one of the most complete and useful API available at the moment for commodities worldwide rates. This platform can give you prices with a precision of 2 decimal points and works with more than 170 currencies.
To make use of it, you need to:
- Log in at www.commodities-API.com. You will then be issued your individual API key.
- Look for Natural gas (NG) using the currency symbols you choose.
- Locate the commodity and money in the list using these symbols. Make the API call after you’ve decided on them.
- The website will give an API in a number of computer languages, which you will be able to edit, utilize, and adapt as needed.
Most APIs show their results in Javascript Object Notation (JSON), one of the most popular programming languages. This is a lightweight data-transfer format that humans can easily read and write. JSON is a language-independent text format that uses standards that C-family programmers are familiar with. JSON is an excellent data-interchange language because of these characteristics.
So, the result in JSON will look something like this:
{
"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,
[...]
}
}
About this API
Every minute, this API collects commodity pricing data from over 15 trusted data sources, in which there are banks and financial data among. However, have in mind that Commodities-API API only provides midpoint data for commodities and currency rates. Midpoint rates are calculated by taking the average median rate of Bid and Ask at a given moment.
Also published on Medium.