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Energy Data API - See Why Europe Pays 5x More for Energy

Compare global energy prices in one simple unit: $/MWh. No more confusion between MMBtu, therms, cubic meters, or MWh.

Live Energy Prices by Region ($/MWh)

⚑ Important: Sample data reflecting Q1 2025 market averages. Actual spreads vary significantly based on:

  • Contract type (spot vs futures)
  • Delivery location and infrastructure
  • Local taxes and carbon pricing
  • Time of year (winter peaks for gas)

Connect to our API for real-time market data updated every 5 minutes.

Energy SourceπŸ‡ΊπŸ‡Έ USAπŸ‡¬πŸ‡§ UKπŸ‡ͺπŸ‡Ί EUπŸ‡―πŸ‡΅ JapanSpread
Natural Gas
Henry Hub vs TTF/NBP/JKM benchmarks
$14.50$42.00$45.00$52.003.6x
Oil (Heating)
Refined heating oil, not crude
$135.00$142.50$145.00$148.001.1x
Coal
Thermal coal for power generation
$12.80$28.50$32.00$38.003.0x
Electricity
Wholesale/industrial rates
$68.00$165.00$155.00$145.002.4x

πŸ“Š Market Reality: Natural Gas shows a 3.6x price spread between regions. While significant, these spreads have narrowed from 2022 peaks when EU gas prices were 8-10x US levels.

🏭 Industrial Impact: Even a 2-3x energy cost difference drives major industrial decisions. Energy-intensive industries (chemicals, steel, fertilizer) are relocating operations to lower-cost regions.

Why Energy Price Comparison is Broken (Fixed From $15/month)

🌑️

Unit Confusion

US uses $/MMBtu, UK uses p/therm, EU uses €/MWh, Japan uses Β₯/GJ. Comparing is nearly impossible.

πŸ’±

Currency Chaos

Exchange rates hide true price differences. A weak Euro makes EU energy seem cheaper than it is.

πŸ”₯

Energy Density

Different fuels have different energy content. Coal is cheap per ton but expensive per MWh.

Energy Data API - Everything Normalized to $/MWh

Use our Python SDK or Node.js SDK to access all energy data through a simple REST API. See our Quick Start Guide for more examples.

Real-Time Energy Price Comparison

// Get current normalized prices across all regions
GET https://api.oilpriceapi.com/v1/energy/compare

// Example response (prices update every minute)
{
  "status": "success",
  "timestamp": "2025-01-07T15:30:00Z",
  "unit": "USD_per_MWh",
  "metadata": {
    "sources": {
      "usa": "Henry Hub (NYMEX)",
      "uk": "NBP (ICE)",
      "eu": "TTF (ICE)",
      "japan": "JKM (Platts)"
    }
  },
  "data": {
    "natural_gas": {
      "usa": {
        "price_local": 2.45,
        "unit_local": "USD/MMBtu",
        "price_normalized": 14.50
      },
      "uk": {
        "price_local": 225,
        "unit_local": "GBp/therm",
        "price_normalized": 87.20
      }
    }
  }
}

Example 1: Multiple Commodities (Python)

import requests

API_KEY = 'YOUR_API_KEY'
BASE_URL = 'https://api.oilpriceapi.com/v1'

def get_all_energy_prices():
    """Fetch multiple commodity prices in one call"""
    codes = ['WTI_USD', 'BRENT_USD', 'NATURAL_GAS_USD']

    prices = {}
    for code in codes:
        response = requests.get(
            f'{BASE_URL}/prices/latest',
            headers={'Authorization': f'Bearer {API_KEY}'},
            params={'by_code': code}
        )
        data = response.json()
        prices[code] = {
            'price': data['data']['price'],
            'updated': data['data']['updated_at']
        }

    return prices

# Usage
energy_data = get_all_energy_prices()
print(f"WTI: ${energy_data['WTI_USD']['price']}/barrel")
print(f"Brent: ${energy_data['BRENT_USD']['price']}/barrel")
print(f"Natural Gas: ${energy_data['NATURAL_GAS_USD']['price']}/MMBtu")

Example 2: Energy Dashboard (JavaScript)

class EnergyDashboard {
  constructor(apiKey) {
    this.apiKey = apiKey;
    this.baseUrl = 'https://api.oilpriceapi.com/v1';
  }

  async fetchAllPrices() {
    const commodities = [
      { code: 'WTI_USD', name: 'WTI Crude' },
      { code: 'BRENT_USD', name: 'Brent Crude' },
      { code: 'NATURAL_GAS_USD', name: 'Natural Gas' },
      { code: 'HEATING_OIL_USD', name: 'Heating Oil' }
    ];

    const promises = commodities.map(commodity =>
      fetch(`${this.baseUrl}/prices/latest?by_code=${commodity.code}`, {
        headers: {
          'Authorization': `Bearer ${this.apiKey}`
        }
      })
      .then(res => res.json())
      .then(data => ({
        name: commodity.name,
        code: commodity.code,
        price: data.data.price,
        change: data.data.diff_diff || 0
      }))
    );

    return Promise.all(promises);
  }

  async updateDashboard() {
    const prices = await this.fetchAllPrices();
    prices.forEach(commodity => {
      console.log(`${commodity.name}: $${commodity.price} (${commodity.change > 0 ? '+' : ''}${commodity.change}%)`);
    });
  }
}

// Usage
const dashboard = new EnergyDashboard('YOUR_API_KEY');
dashboard.updateDashboard();

Who Needs Energy Price Comparison?

🏭

Manufacturers

Decide where to locate energy-intensive operations. See why BASF moved production from Germany to USA.

πŸ“Š

Analysts

Track energy arbitrage opportunities. Understand global inflation drivers.

πŸ›οΈ

Policy Makers

Compare energy costs across jurisdictions. Design competitive energy policies.

πŸ’Ό

Energy Traders

Spot price disparities instantly. Trade on regional spreads.

Energy Data API Features

βœ“

All Units Normalized

Everything converted to $/MWh for easy comparison

βœ“

Real-Time Updates

Prices updated every minute from global exchanges

βœ“

Historical Data

5 years of normalized price history

βœ“

Currency Adjusted

Real-time FX rates applied automatically

βœ“

Multiple Energy Types

Natural gas, oil, coal, electricity, renewables

βœ“

50+ Countries

Major energy markets worldwide

Energy Data API vs Bloomberg vs Reuters

Bloomberg Terminal

$24,000/year

  • ❌ Expensive annual contracts
  • ❌ Complex desktop software
  • ❌ Requires extensive training
  • ❌ Limited API access

Reuters Eikon

$3,600+/year

  • ❌ High minimum pricing
  • ❌ Per-user licensing
  • ❌ Limited historical data
  • ❌ Sales negotiations required

Energy Data API ⭐

From $15/month

  • βœ… Pay as you grow
  • βœ… Simple REST API
  • βœ… 5-minute integration
  • βœ… Start free, upgrade anytime

Get Bloomberg-quality data at 99.4% lower cost

Start Free Trial β†’

Start Comparing Global Energy Prices

See why manufacturers are fleeing Europe and why your energy bills keep rising.

Our Data Methodology

How We Ensure Accuracy

  • βœ“Multiple Sources: We aggregate data from NYMEX, ICE, EEX, and regional exchanges
  • βœ“Benchmark Selection: Henry Hub for US gas, TTF for EU, NBP for UK, JKM for Asia
  • βœ“Real-time FX: Currency conversions updated every minute using institutional rates
  • βœ“Unit Normalization: All energy content converted to MWh using standard conversion factors

Price Variations to Consider

  • β€’ Hub prices vs delivered prices
  • β€’ Spot vs long-term contracts
  • β€’ Industrial vs residential rates
  • β€’ Seasonal demand patterns
  • β€’ Local taxes and carbon pricing

Current Market Context (Q1 2025)

  • β€’ EU gas prices stabilized from 2022 peaks
  • β€’ US production at record highs
  • β€’ Asian LNG demand growing steadily
  • β€’ Renewable integration affecting electricity
  • β€’ Carbon pricing impacts in EU/UK

Understanding Global Energy Price Disparities

The energy crisis has exposed massive price disparities between regions. While Americans complain about $2.50/MMBtu natural gas, Europeans pay the equivalent of $15-20/MMBtu. This 6-8x difference has profound implications for industrial competitiveness, inflation, and economic growth.

Why Energy Units Make Comparison Difficult

Energy is traded in different units worldwide:

  • Natural Gas: MMBtu (US), therms (UK), MWh (EU), GJ (Asia)
  • Oil: Barrels, gallons, liters, tonnes
  • Coal: Short tons, metric tonnes, GJ
  • Electricity: kWh, MWh, GWh

Our Energy Data API solves this by converting everything to $/MWh, making true comparison possible for the first time.

The Hidden Cost of Energy in Europe

European manufacturers pay 5-7x more for natural gas than US competitors. This translates to:

  • Fertilizer plants shutting down (70% of EU capacity offline)
  • Steel production moving to US
  • Chemical giants like BASF relocating
  • Permanent deindustrialization risk

Energy Arbitrage Opportunities

The massive spreads create opportunities:

  • LNG shipping from US to Europe
  • Industrial relocation strategies
  • Cross-border electricity trading
  • Energy-intensive cryptocurrency mining