Bloomberg Terminal vs Oil Price API Comparison
| Feature | Bloomberg Terminal | Oil Price API |
|---|---|---|
| Annual Cost | $24,000/year | From $180/year |
| Oil Price Data Quality | ||
| Real-Time Updates | ||
| Setup Time | 2-4 weeks | 5 minutes |
| Contract Required | ||
| API Access | Limited/Complex | Simple REST API |
| Free Trial | ||
| Training Required | Extensive | None |
| Platform | Desktop Only | Any Platform |
| Cancellation | Annual lock-in | Cancel anytime |
Who Uses Our Bloomberg Alternative?
Trading Firms
Quantitative traders and hedge funds use our API for algorithmic trading strategies without Bloomberg's overhead.
- • Real-time price feeds
- • Historical data access
- • WebSocket streaming
Software Developers
Build energy applications with simple REST API instead of complex Bloomberg integration.
- • Simple JSON responses
- • SDKs for all languages
- • 5-minute integration
Energy Companies
Energy firms get market data for analysis and reporting without enterprise software costs.
- • Drilling intelligence
- • Marine fuel prices
- • Custom data feeds
Frequently Asked Questions
Is this really the same data quality as Bloomberg?
Yes. We source our data from the same exchanges (ICE, NYMEX) and update every 5 minutes. The only difference is delivery method and price.
What if I need more than just oil prices?
We provide 50+ energy commodities including natural gas, gasoline, diesel, marine fuels, coal, and uranium. For equity data or bonds, Bloomberg may still be necessary.
Can I migrate from Bloomberg easily?
Absolutely. Our REST API is much simpler than Bloomberg's API. Most clients complete migration in less than a week. We provide full documentation and support.
Do you offer enterprise support?
Yes. Enterprise plans include dedicated support, custom SLAs, and direct access to our engineering team. Contact us for details.