Fuel Origin

Events / Import ban

EU import ban on seaborne Russian crude oil (in force 5 December 2022)

Dates
2022-12-05 → no end date recorded
Dated to
the day
Status
Ongoing
Scope
European Union

What the sources said

Sixth package of EU sanctions, adopted 3 June 2022 (Council Regulation (EU) 2022/879 amending Regulation (EU) No 833/2014). European Commission, 3 June 2022: "a complete import ban on all Russian seaborne crude oil and petroleum products"; "For seaborne crude oil, spot market transactions and execution of existing contracts will be permitted for six months after entry into force, while for petroleum products, these will be permitted for eight months." Eurostat, 19 June 2023: "The ban on imports of seaborne crude oil entered into force on 5 December 2022, while the ban on petroleum products took effect on 5 February 2023." Temporary derogations apply to pipeline crude for certain member states and to Bulgaria and Croatia, so reported imports from Russia do not fall to zero. This row is a timeline marker only; it makes no statement about prices.

IEA, EIA, European Commission, European Council and national legislators (cited per row)Official
Retrieved 2026-09-23 07:22 UTCRevision 1
Source documents (3)
CountryCountryGermanyFranceNetherlandsPolandFinlandEstoniaAustriaBelgiumBulgariaCroatiaCyprusCzechiaDenmarkGreeceHungaryIrelandItalyLatviaLithuaniaLuxembourgMaltaPortugalRomaniaSlovakiaSloveniaSpainSweden
FuelFuelDiesel (automotive gas oil)Petrol (Euro-super 95)Both fuels

Choosing a fuel keeps that fuel's series and the channels shared by every fuel - the crude benchmark, FX, crude imports and Hormuz exposure. It drops only the other fuel's series.

The event window

What each series was worth from -30 to 90 days around the event date, how far that is from the same series' level at the event date, and how big that move is against the series' own normal variation.

Estonia, Petrol (Euro-super 95). 15 series can be drawn; 4 cannot be seen at all and are shown as labelled empty panels below.

182 published readings, 13 offsets with nothing published within one period, and 52 offsets on series we cannot see at all. Every one of them is on this page.

Europe Brent spot FOB

Unit: $ per barrelPublished: dailyCalculatedOfficial
T0−30T0+30+60+90102.472.42022-11-04: 99.53 $ per barrel, used for offsets −302022-11-21: 88.44 $ per barrel, used for offsets −142022-11-28: 83.50 $ per barrel, used for offsets −72022-12-02: 86.54 $ per barrel, used for offsets −3, −1same print as T0 — 2022-12-05, 83.36 $ per barrel, used for offsets T02022-12-06: 79.92 $ per barrel, used for offsets +12022-12-08: 76.02 $ per barrel, used for offsets +32022-12-12: 78.00 $ per barrel, used for offsets +72022-12-19: 81.66 $ per barrel, used for offsets +142023-01-04: 75.31 $ per barrel, used for offsets +302023-02-03: 78.85 $ per barrel, used for offsets +602023-03-03: 85.74 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Europe Brent spot FOB: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-0499.53+16.170+19.40%+4.30
−142022-11-2188.44+5.080+6.09%+1.35
−72022-11-2883.50+0.140+0.17%+0.04
−32022-12-0286.54+3.180+3.81%+0.85
−12022-12-0286.54+3.180+3.81%+0.85
T02022-12-05same print as T083.360.0000.00%0.00
+12022-12-0679.92-3.440-4.13%-0.91
+32022-12-0876.02-7.340-8.81%-1.95
+72022-12-1278.00-5.360-6.43%-1.42
+142022-12-1981.66-1.700-2.04%-0.45
+302023-01-0475.31-8.050-9.66%-2.14
+602023-02-0378.85-4.510-5.41%-1.20
+902023-03-0385.74+2.380+2.86%+0.63

One volatility unit for this series is 4.51%, the standard deviation of its own day-on-day percentage changes over the three years before the event (760 changes). It is not a significance test.

reported crude oil imports, all origins

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30T0+30+60+901.0000.0002022-11-01: 0 tonnes, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 0 tonnes, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 0 tonnes, used for offsets +302023-02-01: 0 tonnes, used for offsets +602023-03-01: 0 tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for reported crude oil imports, all origins: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-0100.000not publishednot published
−142022-11-0100.000not publishednot published
−72022-11-0100.000not publishednot published
−32022-12-01same print as T000.000not publishednot published
−12022-12-01same print as T000.000not publishednot published
T02022-12-01same print as T000.000not publishednot published
+12022-12-01same print as T000.000not publishednot published
+32022-12-01same print as T000.000not publishednot published
+72022-12-01same print as T000.000not publishednot published
+142022-12-01same print as T000.000not publishednot published
+302023-01-0100.000not publishednot published
+602023-02-0100.000not publishednot published
+902023-03-0100.000not publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.9680.9222022-10-31: 0.9516 € per litre, used for offsets −302022-11-21: 0.9487 € per litre, used for offsets −142022-11-28: 0.9410 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.9345 € per litre, used for offsets T0, +1, +32022-12-12: 0.9263 € per litre, used for offsets +72022-12-19: 0.9337 € per litre, used for offsets +142023-01-02: 0.9351 € per litre, used for offsets +302023-01-30: 0.9550 € per litre, used for offsets +602023-02-27: 0.9639 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-10-310.9516+0.017+1.83%+0.86
−142022-11-210.9487+0.014+1.52%+0.71
−72022-11-280.9410+0.007+0.70%+0.33
−32022-11-280.9410+0.007+0.70%+0.33
−12022-11-280.9410+0.007+0.70%+0.33
T02022-12-05same print as T00.93450.0000.00%0.00
+12022-12-05same print as T00.93450.0000.00%0.00
+32022-12-05same print as T00.93450.0000.00%0.00
+72022-12-120.9263-0.008-0.88%-0.41
+142022-12-190.9337-0.001-0.08%-0.04
+302023-01-020.9351+0.001+0.07%+0.03
+602023-01-300.9550+0.021+2.20%+1.03
+902023-02-270.9639+0.029+3.15%+1.48

One volatility unit for this series is 2.14%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

ECB euro foreign exchange reference rate

Unit: US dollars per euroPublished: dailyCalculatedOfficial
T0−30T0+30+60+901.1060.9742022-11-04: 0.9872 US dollars per euro, used for offsets −302022-11-21: 1.025 US dollars per euro, used for offsets −142022-11-28: 1.046 US dollars per euro, used for offsets −72022-12-02: 1.054 US dollars per euro, used for offsets −3, −1same print as T0 — 2022-12-05, 1.059 US dollars per euro, used for offsets T02022-12-06: 1.052 US dollars per euro, used for offsets +12022-12-08: 1.052 US dollars per euro, used for offsets +32022-12-12: 1.056 US dollars per euro, used for offsets +72022-12-19: 1.060 US dollars per euro, used for offsets +142023-01-04: 1.060 US dollars per euro, used for offsets +302023-02-03: 1.094 US dollars per euro, used for offsets +602023-03-03: 1.062 US dollars per euro, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for ECB euro foreign exchange reference rate: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-040.9872-0.072-6.75%-13.43
−142022-11-211.025-0.034-3.22%-6.40
−72022-11-281.046-0.012-1.17%-2.33
−32022-12-021.054-0.005-0.46%-0.92
−12022-12-021.054-0.005-0.46%-0.92
T02022-12-05same print as T01.0590.0000.00%0.00
+12022-12-061.052-0.007-0.67%-1.33
+32022-12-081.052-0.007-0.64%-1.28
+72022-12-121.056-0.002-0.24%-0.47
+142022-12-191.060+0.001+0.10%+0.21
+302023-01-041.060+0.001+0.11%+0.23
+602023-02-031.094+0.035+3.31%+6.57
+902023-03-031.062+0.003+0.26%+0.53

One volatility unit for this series is 0.50%, the standard deviation of its own day-on-day percentage changes over the three years before the event (770 changes). It is not a significance test.

direct crude Hormuz exposure D1

Unit: % of imported tonnesPublished: monthlyUnknownUnknown
T0−30T0+30+60+901.120-0.120

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. The line stops at −30, −14, −7, −3, −1, T0, +1, +3, +7, +14, +30, +60, +90 where no figure was published within one period of the offset.

Window table for direct crude Hormuz exposure D1: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-01not publishednot publishednot publishednot published
−142022-11-01not publishednot publishednot publishednot published
−72022-11-01not publishednot publishednot publishednot published
−32022-12-01not publishednot publishednot publishednot published
−12022-12-01not publishednot publishednot publishednot published
T02022-12-01not publishednot publishednot publishednot published
+12022-12-01not publishednot publishednot publishednot published
+32022-12-01not publishednot publishednot publishednot published
+72022-12-01not publishednot publishednot publishednot published
+142022-12-01not publishednot publishednot publishednot published
+302023-01-01not publishednot publishednot publishednot published
+602023-02-01not publishednot publishednot publishednot published
+902023-03-01not publishednot publishednot publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

direct refined-product Hormuz exposure D2

Unit: % of imported tonnesPublished: monthlyCalculatedLow
T0−30T0+30+60+901.0000.0002022-11-01: 0 % of imported tonnes, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 0 % of imported tonnes, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 0 % of imported tonnes, used for offsets +302023-02-01: 0 % of imported tonnes, used for offsets +602023-03-01: 0 % of imported tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for direct refined-product Hormuz exposure D2: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-0100.000not publishednot published
−142022-11-0100.000not publishednot published
−72022-11-0100.000not publishednot published
−32022-12-01same print as T000.000not publishednot published
−12022-12-01same print as T000.000not publishednot published
T02022-12-01same print as T000.000not publishednot published
+12022-12-01same print as T000.000not publishednot published
+32022-12-01same print as T000.000not publishednot published
+72022-12-01same print as T000.000not publishednot published
+142022-12-01same print as T000.000not publishednot published
+302023-01-0100.000not publishednot published
+602023-02-0100.000not publishednot published
+902023-03-0100.000not publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

inventory exposure D7: published days of emergency stock cover, carried through

Unit: days of coverPublished: monthlyCalculatedOfficial
T0−30T0+30+60+9082.3678.642022-11-01: 79.00 days of cover, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 82.00 days of cover, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 82.00 days of cover, used for offsets +302023-02-01: 82.00 days of cover, used for offsets +602023-03-01: 82.00 days of cover, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for inventory exposure D7: published days of emergency stock cover, carried through: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-0179.00-3.000-3.66%-1.02
−142022-11-0179.00-3.000-3.66%-1.02
−72022-11-0179.00-3.000-3.66%-1.02
−32022-12-01same print as T082.000.0000.00%0.00
−12022-12-01same print as T082.000.0000.00%0.00
T02022-12-01same print as T082.000.0000.00%0.00
+12022-12-01same print as T082.000.0000.00%0.00
+32022-12-01same print as T082.000.0000.00%0.00
+72022-12-01same print as T082.000.0000.00%0.00
+142022-12-01same print as T082.000.0000.00%0.00
+302023-01-0182.000.0000.00%0.00
+602023-02-0182.000.0000.00%0.00
+902023-03-0182.000.0000.00%0.00

One volatility unit for this series is 3.57%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled)

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.6280.4422022-10-31: 0.6104 € per litre, used for offsets −302022-11-21: 0.5263 € per litre, used for offsets −142022-11-28: 0.5123 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.4687 € per litre, used for offsets T0, +1, +32022-12-12: 0.4798 € per litre, used for offsets +72022-12-19: 0.4779 € per litre, used for offsets +142023-01-02: 0.4598 € per litre, used for offsets +302023-01-30: 0.4720 € per litre, used for offsets +602023-02-27: 0.4954 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled): value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-10-310.6104+0.142+30.24%+3.72
−142022-11-210.5263+0.058+12.30%+1.51
−72022-11-280.5123+0.044+9.31%+1.15
−32022-11-280.5123+0.044+9.31%+1.15
−12022-11-280.5123+0.044+9.31%+1.15
T02022-12-05same print as T00.46870.0000.00%0.00
+12022-12-05same print as T00.46870.0000.00%0.00
+32022-12-05same print as T00.46870.0000.00%0.00
+72022-12-120.4798+0.011+2.38%+0.29
+142022-12-190.4779+0.009+1.98%+0.24
+302023-01-020.4598-0.009-1.89%-0.23
+602023-01-300.4720+0.003+0.71%+0.09
+902023-02-270.4954+0.027+5.69%+0.70

One volatility unit for this series is 8.13%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

national total oil stocks (Eurostat, commercial holders), with the published days of cover alongside

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30T0+30+60+90572,840440,1602022-11-01: 505,000 tonnes, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 560,000 tonnes, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 499,000 tonnes, used for offsets +302023-02-01: 453,000 tonnes, used for offsets +602023-03-01: 483,000 tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for national total oil stocks (Eurostat, commercial holders), with the published days of cover alongside: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-01505,000-55,000-9.82%-0.96
−142022-11-01505,000-55,000-9.82%-0.96
−72022-11-01505,000-55,000-9.82%-0.96
−32022-12-01same print as T0560,0000.0000.00%0.00
−12022-12-01same print as T0560,0000.0000.00%0.00
T02022-12-01same print as T0560,0000.0000.00%0.00
+12022-12-01same print as T0560,0000.0000.00%0.00
+32022-12-01same print as T0560,0000.0000.00%0.00
+72022-12-01same print as T0560,0000.0000.00%0.00
+142022-12-01same print as T0560,0000.0000.00%0.00
+302023-01-01499,000-61,000-10.89%-1.07
+602023-02-01453,000-107,000-19.11%-1.87
+902023-03-01483,000-77,000-13.75%-1.35

One volatility unit for this series is 10.20%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.115-0.1412022-10-31: 0.0904 € per litre, used for offsets −302022-11-21: -0.1158 € per litre, used for offsets −142022-11-28: -0.0065 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0 € per litre, used for offsets T0, +1, +32022-12-12: -0.0251 € per litre, used for offsets +72022-12-19: -0.0817 € per litre, used for offsets +142023-01-02: -0.0656 € per litre, used for offsets +302023-01-30: -0.0347 € per litre, used for offsets +602023-02-27: -0.0878 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-10-310.0904+0.090not publishednot published
−142022-11-21-0.1158-0.116not publishednot published
−72022-11-28-0.0065-0.007not publishednot published
−32022-11-28-0.0065-0.007not publishednot published
−12022-11-28-0.0065-0.007not publishednot published
T02022-12-05same print as T000.000not publishednot published
+12022-12-05same print as T000.000not publishednot published
+32022-12-05same print as T000.000not publishednot published
+72022-12-12-0.0251-0.025not publishednot published
+142022-12-19-0.0817-0.082not publishednot published
+302023-01-02-0.0656-0.066not publishednot published
+602023-01-30-0.0347-0.035not publishednot published
+902023-02-27-0.0878-0.088not publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+901.9561.6452022-10-31: 1.926 € per litre, used for offsets −302022-11-21: 1.675 € per litre, used for offsets −142022-11-28: 1.797 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.797 € per litre, used for offsets T0, +1, +32022-12-12: 1.757 € per litre, used for offsets +72022-12-19: 1.698 € per litre, used for offsets +142023-01-02: 1.719 € per litre, used for offsets +302023-01-30: 1.780 € per litre, used for offsets +602023-02-27: 1.727 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-10-311.926+0.129+7.18%+2.69
−142022-11-211.675-0.122-6.79%-2.54
−72022-11-281.7970.0000.00%0.00
−32022-11-281.7970.0000.00%0.00
−12022-11-281.7970.0000.00%0.00
T02022-12-05same print as T01.7970.0000.00%0.00
+12022-12-05same print as T01.7970.0000.00%0.00
+32022-12-05same print as T01.7970.0000.00%0.00
+72022-12-121.757-0.040-2.23%-0.83
+142022-12-191.698-0.099-5.51%-2.06
+302023-01-021.719-0.078-4.34%-1.63
+602023-01-301.780-0.017-0.95%-0.35
+902023-02-271.727-0.070-3.90%-1.46

One volatility unit for this series is 2.67%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+901.0670.8082022-10-31: 1.042 € per litre, used for offsets −302022-11-21: 0.8328 € per litre, used for offsets −142022-11-28: 0.9345 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.9345 € per litre, used for offsets T0, +1, +32022-12-12: 0.9012 € per litre, used for offsets +72022-12-19: 0.8520 € per litre, used for offsets +142023-01-02: 0.8695 € per litre, used for offsets +302023-01-30: 0.9203 € per litre, used for offsets +602023-02-27: 0.8762 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Weekly Oil Bulletin price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-10-311.042+0.108+11.50%+2.53
−142022-11-210.8328-0.102-10.88%-2.39
−72022-11-280.93450.0000.00%0.00
−32022-11-280.93450.0000.00%0.00
−12022-11-280.93450.0000.00%0.00
T02022-12-05same print as T00.93450.0000.00%0.00
+12022-12-05same print as T00.93450.0000.00%0.00
+32022-12-05same print as T00.93450.0000.00%0.00
+72022-12-120.9012-0.033-3.57%-0.78
+142022-12-190.8520-0.083-8.83%-1.94
+302023-01-020.8695-0.065-6.96%-1.53
+602023-01-300.9203-0.014-1.52%-0.33
+902023-02-270.8762-0.058-6.24%-1.37

One volatility unit for this series is 4.55%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

total tax per litre: price with taxes minus price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.8890.8372022-10-31: 0.8840 € per litre, used for offsets −302022-11-21: 0.8422 € per litre, used for offsets −142022-11-28: 0.8625 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.8625 € per litre, used for offsets T0, +1, +32022-12-12: 0.8558 € per litre, used for offsets +72022-12-19: 0.8460 € per litre, used for offsets +142023-01-02: 0.8495 € per litre, used for offsets +302023-01-30: 0.8597 € per litre, used for offsets +602023-02-27: 0.8508 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for total tax per litre: price with taxes minus price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-10-310.8840+0.022+2.49%+2.75
−142022-11-210.8422-0.020-2.36%-2.60
−72022-11-280.86250.0000.00%0.00
−32022-11-280.86250.0000.00%0.00
−12022-11-280.86250.0000.00%0.00
T02022-12-05same print as T00.86250.0000.00%0.00
+12022-12-05same print as T00.86250.0000.00%0.00
+32022-12-05same print as T00.86250.0000.00%0.00
+72022-12-120.8558-0.007-0.77%-0.85
+142022-12-190.8460-0.017-1.91%-2.11
+302023-01-020.8495-0.013-1.51%-1.66
+602023-01-300.8597-0.003-0.33%-0.36
+902023-02-270.8508-0.012-1.35%-1.49

One volatility unit for this series is 0.91%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

US proxy - not a European price: US gasoline spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9038.9011.122022-11-04: 36.21 $ per barrel, used for offsets −302022-11-21: 25.46 $ per barrel, used for offsets −142022-11-28: 21.75 $ per barrel, used for offsets −72022-12-02: 19.76 $ per barrel, used for offsets −3, −1same print as T0 — 2022-12-05, 19.67 $ per barrel, used for offsets T02022-12-06: 20.42 $ per barrel, used for offsets +12022-12-08: 14.66 $ per barrel, used for offsets +32022-12-12: 13.81 $ per barrel, used for offsets +72022-12-19: 13.89 $ per barrel, used for offsets +142023-01-04: 25.20 $ per barrel, used for offsets +302023-02-03: 24.34 $ per barrel, used for offsets +602023-03-03: 25.60 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for US proxy - not a European price: US gasoline spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-0436.21+16.548+84.15%+0.46
−142022-11-2125.46+5.798+29.48%+0.16
−72022-11-2821.75+2.086+10.61%+0.06
−32022-12-0219.76+0.096+0.49%+0.00
−12022-12-0219.76+0.096+0.49%+0.00
T02022-12-05same print as T019.670.0000.00%0.00
+12022-12-0620.42+0.752+3.82%+0.02
+32022-12-0814.66-5.008-25.47%-0.14
+72022-12-1213.81-5.854-29.77%-0.16
+142022-12-1913.89-5.776-29.37%-0.16
+302023-01-0425.20+5.530+28.12%+0.15
+602023-02-0324.34+4.678+23.79%+0.13
+902023-03-0325.60+5.936+30.18%+0.17

One volatility unit for this series is 182.43%, the standard deviation of its own day-on-day percentage changes over the three years before the event (737 changes). It is not a significance test.

US proxy - not a European price: US jet spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9057.2023.782022-11-04: 51.50 $ per barrel, used for offsets −302022-11-21: 42.81 $ per barrel, used for offsets −142022-11-28: 30.74 $ per barrel, used for offsets −72022-12-02: 31.06 $ per barrel, used for offsets −3, −1same print as T0 — 2022-12-05, 27.02 $ per barrel, used for offsets T02022-12-06: 27.60 $ per barrel, used for offsets +12022-12-08: 35.20 $ per barrel, used for offsets +32022-12-12: 36.79 $ per barrel, used for offsets +72022-12-19: 36.02 $ per barrel, used for offsets +142023-01-04: 53.97 $ per barrel, used for offsets +302023-02-03: 29.38 $ per barrel, used for offsets +602023-03-03: 39.71 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for US proxy - not a European price: US jet spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-0451.50+24.486+90.64%+0.51
−142022-11-2142.81+15.794+58.46%+0.33
−72022-11-2830.74+3.724+13.78%+0.08
−32022-12-0231.06+4.044+14.97%+0.08
−12022-12-0231.06+4.044+14.97%+0.08
T02022-12-05same print as T027.020.0000.00%0.00
+12022-12-0627.60+0.584+2.16%+0.01
+32022-12-0835.20+8.180+30.28%+0.17
+72022-12-1236.79+9.770+36.16%+0.21
+142022-12-1936.02+9.008+33.34%+0.19
+302023-01-0453.97+26.950+99.76%+0.57
+602023-02-0329.38+2.368+8.77%+0.05
+902023-03-0339.71+12.698+47.00%+0.27

One volatility unit for this series is 176.40%, the standard deviation of its own day-on-day percentage changes over the three years before the event (737 changes). It is not a significance test.

Not available: licence-blocked

A source exists and its licence does not permit us to republish it. These channels are not missing from the world, only from this page.

Arabian Gulf to north-west Europe dirty tanker rate

Tanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.

13 offsets in the window are affected.

EU refined-product benchmark

EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

No published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

13 offsets in the window are affected.

wholesale / rack price

Wholesale / rack price series are proprietary with no redistribution grant.

13 offsets in the window are affected.

Source
European Commission, Directorate-General for Energy (DG ENER)Unknown
Period 2022-10-31Updated 2026-09-25 14:09 UTCConfidenceUnknownMethodologyDownload CSV

T0 is 2022-12-05. The baseline window is -90 to -31 days. Offsets materialised: -30, -14, -7, -3, -1, 0, 1, 3, 7, 14, 30, 60, 90. Method 1.0, calculation event_study-1.0, computed 2026-09-25 14:09 UTC.

Is EU import ban on seaborne Russian crude oil (in force 5 December 2022) really the reason?

The question splits into dimensions that are measured separately and never added into one number. Each row says whether we can see that dimension at all, and gives one published figure where we can.

Of the eight price-transmission channels this site reports, 4 have data in this run Calculated - a count of the rows below, not a measurement.

Methodology §11.1 publishes the thresholds the sentences below use: all eight channels present for the full comparison, at least three for the claim to be testable here at all, and 2.0 volatility units for a move to be described as outside a series' normal variation. Those are published wording choices, not statistical tests.

Dimensions of exposure to EU import ban on seaborne Russian crude oil (in force 5 December 2022), each with its status and one published figure.
DimensionStatusPublished figure, or why there is none
Direct crude exposure (D1)Share of imported crude whose route requires the Strait of Hormuz.Nothing published in the window
not published
Direct product exposure (D2)Share of imported refined product whose route requires the Strait of Hormuz.Observed
0 % of imported tonnes at +30 d (published 2023-01-01)
Emergency stock cover (D7)Days of cover the published emergency stocks amount to. A buffer against a supply disruption, not a share of imports, and not a price channel.Observed
82.00 days of cover at +30 d (published 2023-01-01)0.00% from the level at T0 = 0.00 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed
75.31 $ per barrel at +30 d (published 2023-01-04)-9.66% from the level at T0 = -2.14 volatility units
Refined-product benchmarkThe quoted product price refineries and wholesalers price against.UnavailableEU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.
Refining marginWhat refining a barrel into this product earned.UnavailableNo published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.
Freight ratesWhat it cost to ship the cargo.UnavailableTanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.
InventoriesStocks held, which absorb or amplify a supply change.Observed
499,000 tonnes at +30 d (published 2023-01-01)-10.89% from the level at T0 = -1.07 volatility units
Wholesale pricesThe price between the refinery gate and the forecourt.UnavailableWholesale / rack price series are proprietary with no redistribution grant.
Pump price before taxThe pump price with excise, VAT and other fuel taxes stripped out.Observed
0.8695 € per litre at +30 d (published 2023-01-02)-6.96% from the level at T0 = -1.53 volatility units
Pump price with taxWhat a driver actually paid.Observed
1.719 € per litre at +30 d (published 2023-01-02)-4.34% from the level at T0 = -1.63 volatility units

Physical exposure to the Strait of Hormuz and price exposure are different questions. A country with almost no direct physical exposure can still see its pump price move, because crude is priced globally - and a series that moved in this window may have moved for other reasons.

What the pump price did around this date

The decomposition page can be pinned to the weeks around the event date, so the pump move can be split into tax, input cost and the part the input cost does not account for.

Price decomposition, 2022-11-28 to 2023-01-04 →

The window is the published event date minus 7 days to plus 30 days. It is a window for looking, not a claim that the event caused what is inside it.

Actual vs crude-only: Estonia, petrol (euro-super 95)

What the pre-tax price did from four weeks before to thirteen weeks after the event week, next to what it would have done had it followed only the crude input cost at the speed the stored pass-through estimate measures. The shaded difference is not explained by crude; it is not attributed to the event or to anything else.

2022-12-262023-03-06-20-1001020c/L since the anchor week
  • Actual pre-tax change(official prices)
  • What crude alone would have done(calculated, with range)
  • Shaded: not explained by crude(not attributed to any cause)

Changes are measured from the bulletin week of 2022-12-05. Crude response taken from the stored pass-through estimate over the most recent three-year window (2023-09-25 to 2026-09-14). The light band is a conservative range, not a 90% interval. The shaded area is not explained by crude: refining margins, freight, retail margins and model error are all inside it, and none is named as its cause.

  • Over the 4 weeks after EU import ban on seaborne Russian crude oil (in force 5 December 2022), crude costs alone would have moved Estonia's pre-tax petrol price by +0.1 c/L (range -1.2–+1.3); it actually moved -6.5 c/L, leaving -6.6 c/L not explained by crude.
  • Over the 13 weeks after EU import ban on seaborne Russian crude oil (in force 5 December 2022), crude costs alone would have moved Estonia's pre-tax petrol price by +3.7 c/L (range -0.4–+7.8); it actually moved -5.8 c/L, leaving -9.5 c/L not explained by crude.

What the numbers support, sentence by sentence

Each sentence comes from a fixed template, chosen by published thresholds. Open “why this sentence” to see the numbers that selected it. None of this text is written by a language model, and none of it attributes cause.

  1. In the 7 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's pre-tax petrol price moved -3.6%, which is 0.8 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    0.90117
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.2658296126717015
    t0_value
    0.9345
    fuel_type
    EURO_SUPER_95
    change_pct
    -3.566613162118777
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    7
    series_code
    RETAIL_PRETAX_EE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -0.7844340976957189
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.03332999999999997
    change_pct_from_t0
    -3.566613162118777
    observation_gap_days
    0
    normal_volatility_pct
    4.546733973696107
    change_in_volatility_units
    -0.7844340976957189
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    0.90117
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.2658296126717015
    t0_value
    0.9345
    fuel_type
    EURO_SUPER_95
    change_pct
    -3.566613162118777
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_PRETAX_EE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -0.7844340976957189
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.03332999999999997
    change_pct_from_t0
    -3.566613162118777
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.546733973696107
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.7844340976957189

    Template event.price_move.within_normal v1.1 · Fingerprint de4495b81bee05577e2a0865e36a2126957a25544a17ab0a7af878091565da43 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  2. In the 30 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's pre-tax petrol price moved -7.0%, which is 1.5 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    0.8695
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.991766120848867
    t0_value
    0.9345
    fuel_type
    EURO_SUPER_95
    change_pct
    -6.955591225254141
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    30
    series_code
    RETAIL_PRETAX_EE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -1.5297994704536975
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.06499999999999995
    change_pct_from_t0
    -6.955591225254141
    observation_gap_days
    2
    normal_volatility_pct
    4.546733973696107
    change_in_volatility_units
    -1.5297994704536975
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    0.8695
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.991766120848867
    t0_value
    0.9345
    fuel_type
    EURO_SUPER_95
    change_pct
    -6.955591225254141
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_PRETAX_EE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -1.5297994704536975
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.06499999999999995
    change_pct_from_t0
    -6.955591225254141
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    4.546733973696107
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.5297994704536975

    Template event.price_move.within_normal v1.1 · Fingerprint 4340b7fc6dfa7eba4ffaa656e0d7e560d50f63084cebb89169612560821a9113 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  3. In the 90 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's pre-tax petrol price moved -6.2%, which is 1.4 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    0.87617
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.838877061501167
    t0_value
    0.9345
    fuel_type
    EURO_SUPER_95
    change_pct
    -6.241840556447297
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    90
    series_code
    RETAIL_PRETAX_EE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -1.3728185094086804
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.05832999999999999
    change_pct_from_t0
    -6.241840556447297
    observation_gap_days
    6
    normal_volatility_pct
    4.546733973696107
    change_in_volatility_units
    -1.3728185094086804
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    0.87617
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.838877061501167
    t0_value
    0.9345
    fuel_type
    EURO_SUPER_95
    change_pct
    -6.241840556447297
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_PRETAX_EE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -1.3728185094086804
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.05832999999999999
    change_pct_from_t0
    -6.241840556447297
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    4.546733973696107
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.3728185094086804

    Template event.price_move.within_normal v1.1 · Fingerprint 565720dfe71feca15a7e581bab52a5b32d50c8f7c9b71cfecb52ba21ae87662a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  4. In the 7 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's tax-inclusive petrol price moved -2.2%, which is 0.8 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.7570000000000001
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.265867134169347
    t0_value
    1.797
    fuel_type
    EURO_SUPER_95
    change_pct
    -2.225932109070663
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    7
    series_code
    RETAIL_INCLTAX_EE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -0.8340806080131529
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.039999999999999813
    change_pct_from_t0
    -2.225932109070663
    observation_gap_days
    0
    normal_volatility_pct
    2.6687254057770415
    change_in_volatility_units
    -0.8340806080131529
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.7570000000000001
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.265867134169347
    t0_value
    1.797
    fuel_type
    EURO_SUPER_95
    change_pct
    -2.225932109070663
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_INCLTAX_EE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -0.8340806080131529
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.039999999999999813
    change_pct_from_t0
    -2.225932109070663
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    2.6687254057770415
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.8340806080131529

    Template event.price_move.within_normal v1.1 · Fingerprint 4b4f08cfb81211f312a10b743f3ee754bfd3397ba2f9c99ddfb31db1d9baf2da · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  5. In the 30 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's tax-inclusive petrol price moved -4.3%, which is 1.6 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.719
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.9917086608157994
    t0_value
    1.797
    fuel_type
    EURO_SUPER_95
    change_pct
    -4.3405676126878046
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    30
    series_code
    RETAIL_INCLTAX_EE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -1.6264571856256524
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.07799999999999985
    change_pct_from_t0
    -4.3405676126878046
    observation_gap_days
    2
    normal_volatility_pct
    2.6687254057770415
    change_in_volatility_units
    -1.6264571856256524
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.719
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.9917086608157994
    t0_value
    1.797
    fuel_type
    EURO_SUPER_95
    change_pct
    -4.3405676126878046
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_INCLTAX_EE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -1.6264571856256524
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.07799999999999985
    change_pct_from_t0
    -4.3405676126878046
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.6687254057770415
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.6264571856256524

    Template event.price_move.within_normal v1.1 · Fingerprint 0530cb65109e469cd76c20b5d7f58c02f774d644636b4164cfe065d5db8ce2bd · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  6. In the 90 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's tax-inclusive petrol price moved -3.9%, which is 1.5 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.727
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.8388999183639148
    t0_value
    1.797
    fuel_type
    EURO_SUPER_95
    change_pct
    -3.8953811908736697
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    90
    series_code
    RETAIL_INCLTAX_EE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -1.459641064023021
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.06999999999999984
    change_pct_from_t0
    -3.8953811908736697
    observation_gap_days
    6
    normal_volatility_pct
    2.6687254057770415
    change_in_volatility_units
    -1.459641064023021
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.727
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.8388999183639148
    t0_value
    1.797
    fuel_type
    EURO_SUPER_95
    change_pct
    -3.8953811908736697
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_INCLTAX_EE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -1.459641064023021
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.06999999999999984
    change_pct_from_t0
    -3.8953811908736697
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    2.6687254057770415
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.459641064023021

    Template event.price_move.within_normal v1.1 · Fingerprint d1b816b57d87fba543efc01edca8046095b8d5fe4faefe11711d4d46dbe95ea4 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  7. In the 7 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's pre-tax diesel price moved -7.0%, which is 1.1 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.09217
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.11698036118837
    t0_value
    1.17467
    fuel_type
    DIESEL
    change_pct
    -7.023249082721105
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    7
    series_code
    RETAIL_PRETAX_EE_DIESEL
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.1189866654224454
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08250000000000002
    change_pct_from_t0
    -7.023249082721105
    observation_gap_days
    0
    normal_volatility_pct
    6.276436797456968
    change_in_volatility_units
    -1.1189866654224454
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.09217
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.11698036118837
    t0_value
    1.17467
    fuel_type
    DIESEL
    change_pct
    -7.023249082721105
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_PRETAX_EE_DIESEL
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.1189866654224454
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08250000000000002
    change_pct_from_t0
    -7.023249082721105
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    6.276436797456968
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.1189866654224454

    Template event.price_move.within_normal v1.1 · Fingerprint 2609398c41af16bced180d3d9dc67371232a43d75af40d958437ff3f8c0005df · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  8. In the 30 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's pre-tax diesel price moved -7.6%, which is 1.2 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.0855000000000001
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.2411185987929185
    t0_value
    1.17467
    fuel_type
    DIESEL
    change_pct
    -7.591068129772615
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    30
    series_code
    RETAIL_PRETAX_EE_DIESEL
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -1.209455041887508
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08916999999999997
    change_pct_from_t0
    -7.591068129772615
    observation_gap_days
    2
    normal_volatility_pct
    6.276436797456968
    change_in_volatility_units
    -1.209455041887508
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.0855000000000001
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.2411185987929185
    t0_value
    1.17467
    fuel_type
    DIESEL
    change_pct
    -7.591068129772615
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_PRETAX_EE_DIESEL
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -1.209455041887508
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08916999999999997
    change_pct_from_t0
    -7.591068129772615
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    6.276436797456968
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.209455041887508

    Template event.price_move.within_normal v1.1 · Fingerprint 8f128f2635ad72210c75cdd704a215f4bf34a7fd14d0d0b847d9ea30fc071b66 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  9. In the 90 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's pre-tax diesel price moved -11.3%, which is 1.8 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.04217
    status
    OBSERVED
    country
    Estonia
    z_score
    -3.0475518574743456
    t0_value
    1.17467
    fuel_type
    DIESEL
    change_pct
    -11.279763678309658
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    90
    series_code
    RETAIL_PRETAX_EE_DIESEL
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -1.79716040204211
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.13250000000000006
    change_pct_from_t0
    -11.279763678309658
    observation_gap_days
    6
    normal_volatility_pct
    6.276436797456968
    change_in_volatility_units
    -1.79716040204211
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.04217
    status
    OBSERVED
    country
    Estonia
    z_score
    -3.0475518574743456
    t0_value
    1.17467
    fuel_type
    DIESEL
    change_pct
    -11.279763678309658
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_PRETAX_EE_DIESEL
    series_kind
    pre-tax
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -1.79716040204211
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.13250000000000006
    change_pct_from_t0
    -11.279763678309658
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    6.276436797456968
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.79716040204211

    Template event.price_move.within_normal v1.1 · Fingerprint fb5d1e0040972197e7ebe5cbd94f2192295df273b43c01e0c1089ce8b3d075e8 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  10. In the 7 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's tax-inclusive diesel price moved -5.3%, which is 1.5 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.7570000000000001
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.1170697995301113
    t0_value
    1.856
    fuel_type
    DIESEL
    change_pct
    -5.33405172413793
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    7
    series_code
    RETAIL_INCLTAX_EE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.4521458729097867
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.09899999999999998
    change_pct_from_t0
    -5.33405172413793
    observation_gap_days
    0
    normal_volatility_pct
    3.6732203173567144
    change_in_volatility_units
    -1.4521458729097867
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.7570000000000001
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.1170697995301113
    t0_value
    1.856
    fuel_type
    DIESEL
    change_pct
    -5.33405172413793
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_INCLTAX_EE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.4521458729097867
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.09899999999999998
    change_pct_from_t0
    -5.33405172413793
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    3.6732203173567144
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.4521458729097867

    Template event.price_move.within_normal v1.1 · Fingerprint bbada2d5ada634b23d182d9397f3f80863697d647f380434daa94b8813117b4b · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  11. In the 30 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's tax-inclusive diesel price moved -5.8%, which is 1.6 times its normal week-to-week variation over the previous three years — within that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.749
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.241147150418323
    t0_value
    1.856
    fuel_type
    DIESEL
    change_pct
    -5.765086206896551
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    30
    series_code
    RETAIL_INCLTAX_EE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -1.569490993953002
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.10699999999999998
    change_pct_from_t0
    -5.765086206896551
    observation_gap_days
    2
    normal_volatility_pct
    3.6732203173567144
    change_in_volatility_units
    -1.569490993953002
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.749
    status
    OBSERVED
    country
    Estonia
    z_score
    -2.241147150418323
    t0_value
    1.856
    fuel_type
    DIESEL
    change_pct
    -5.765086206896551
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_INCLTAX_EE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -1.569490993953002
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.10699999999999998
    change_pct_from_t0
    -5.765086206896551
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    3.6732203173567144
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.569490993953002

    Template event.price_move.within_normal v1.1 · Fingerprint dce612344074833d2fed06fe1b5c2087d3fbad0975835844b6a24fda469d7bb6 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  12. In the 90 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), Estonia's tax-inclusive diesel price moved -8.6%, which is 2.3 times its normal week-to-week variation over the previous three years — outside that range.

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.697
    status
    OBSERVED
    country
    Estonia
    z_score
    -3.0476499311917005
    t0_value
    1.856
    fuel_type
    DIESEL
    change_pct
    -8.566810344827587
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    90
    series_code
    RETAIL_INCLTAX_EE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.3322342807339007
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.15900000000000003
    change_pct_from_t0
    -8.566810344827587
    observation_gap_days
    6
    normal_volatility_pct
    3.6732203173567144
    change_in_volatility_units
    -2.3322342807339007
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    1.697
    status
    OBSERVED
    country
    Estonia
    z_score
    -3.0476499311917005
    t0_value
    1.856
    fuel_type
    DIESEL
    change_pct
    -8.566810344827587
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_INCLTAX_EE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.3322342807339007
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.15900000000000003
    change_pct_from_t0
    -8.566810344827587
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    3.6732203173567144
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.3322342807339007

    Template event.price_move.outside_normal v1.1 · Fingerprint f6f7f9aa8acc79b53e6cf4980e7fc5244f2afc6817f19ea1841b2dafc99dd864 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  13. Over the 4 weeks after EU import ban on seaborne Russian crude oil (in force 5 December 2022), crude costs alone would have moved Estonia's pre-tax petrol price by +0.1 c/L (range -1.2–+1.3); it actually moved -6.5 c/L, leaving -6.6 c/L not explained by crude.

    about EstoniaCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    weeks
    4
    status
    COMPUTED
    country
    Estonia
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    series_code
    CRUDE_ONLY_EXPECTED_EE_EURO_SUPER_95
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-12-30
    pass_through_k
    1
    proxy_from_date
    2022-12-05
    observation_date
    2023-01-02
    gap_eur_per_litre
    -0.06561424117351386
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    actual_eur_per_litre
    -0.06499999999999995
    expected_eur_per_litre
    0.0006142411735139113
    proxy_volatility_units
    0.2070376188168671
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    7.428000000000001
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    -0.011514461082926822
    expected_high_eur_per_litre
    0.012742943429954573
    proxy_normal_volatility_pct
    182.43434263983826
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    weeks
    4
    status
    COMPUTED
    country
    Estonia
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_EE_EURO_SUPER_95
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-12-30
    pass_through_k
    1
    proxy_from_date
    2022-12-05
    statement_topic
    event
    observation_date
    2023-01-02
    gap_eur_per_litre
    -0.06561424117351386
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    -0.06499999999999995
    expected_eur_per_litre
    0.0006142411735139113
    proxy_volatility_units
    0.2070376188168671
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    7.428000000000001
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    -0.011514461082926822
    expected_high_eur_per_litre
    0.012742943429954573
    proxy_normal_volatility_pct
    182.43434263983826

    Template event.crude_only.computed v1.1 · Fingerprint c0bd0c32dd670dd52c9e400b4bbccc41b6cc893ca7222161727bbac1f9c8246b · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  14. Over the 13 weeks after EU import ban on seaborne Russian crude oil (in force 5 December 2022), crude costs alone would have moved Estonia's pre-tax petrol price by +3.7 c/L (range -0.4–+7.8); it actually moved -5.8 c/L, leaving -9.5 c/L not explained by crude.

    about EstoniaCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    weeks
    13
    status
    COMPUTED
    country
    Estonia
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    series_code
    CRUDE_ONLY_EXPECTED_EE_EURO_SUPER_95
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2023-03-06
    pass_through_k
    1
    proxy_from_date
    2022-12-05
    observation_date
    2023-03-06
    gap_eur_per_litre
    -0.09539953320456261
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    actual_eur_per_litre
    -0.05832999999999999
    expected_eur_per_litre
    0.03706953320456262
    proxy_volatility_units
    0.15391245706875872
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    5.5219999999999985
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    -0.0036470954402016125
    expected_high_eur_per_litre
    0.0777861618493285
    proxy_normal_volatility_pct
    182.43434263983826
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    petrol
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    weeks
    13
    status
    COMPUTED
    country
    Estonia
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_EE_EURO_SUPER_95
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2023-03-06
    pass_through_k
    1
    proxy_from_date
    2022-12-05
    statement_topic
    event
    observation_date
    2023-03-06
    gap_eur_per_litre
    -0.09539953320456261
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    -0.05832999999999999
    expected_eur_per_litre
    0.03706953320456262
    proxy_volatility_units
    0.15391245706875872
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    5.5219999999999985
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    -0.0036470954402016125
    expected_high_eur_per_litre
    0.0777861618493285
    proxy_normal_volatility_pct
    182.43434263983826

    Template event.crude_only.computed v1.1 · Fingerprint 0a9c326f3e093196024aca86f8247c3d4ab4f3cfcf32833bf55bc272b52a519c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  15. Over the 4 weeks after EU import ban on seaborne Russian crude oil (in force 5 December 2022), crude costs alone would have moved Estonia's pre-tax diesel price by -2.3 c/L (range -5.3–+0.6); it actually moved -8.9 c/L, leaving -6.6 c/L not explained by crude. Over the same period the US diesel crack spread, a proxy for the Atlantic product market and not a European margin, widened by 12.6 $/bbl.

    about EstoniaCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    weeks
    4
    status
    COMPUTED
    country
    Estonia
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    series_code
    CRUDE_ONLY_EXPECTED_EE_DIESEL
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2022-12-30
    pass_through_k
    2
    proxy_from_date
    2022-12-05
    observation_date
    2023-01-02
    gap_eur_per_litre
    -0.06567940512515323
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    actual_eur_per_litre
    -0.08916999999999997
    expected_eur_per_litre
    -0.023490594874846744
    proxy_volatility_units
    2.948513147105371
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    12.594000000000001
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    -0.05258433652458408
    expected_high_eur_per_litre
    0.005603146774890679
    proxy_normal_volatility_pct
    9.842624566455152
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    weeks
    4
    status
    COMPUTED
    country
    Estonia
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_EE_DIESEL
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2022-12-30
    pass_through_k
    2
    proxy_from_date
    2022-12-05
    statement_topic
    event
    observation_date
    2023-01-02
    gap_eur_per_litre
    -0.06567940512515323
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    -0.08916999999999997
    expected_eur_per_litre
    -0.023490594874846744
    proxy_volatility_units
    2.948513147105371
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    12.594000000000001
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    -0.05258433652458408
    expected_high_eur_per_litre
    0.005603146774890679
    proxy_normal_volatility_pct
    9.842624566455152

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint c3ff6ab7f01e560a77794b29ea044f870d11adf37d79e8cb9d19495a1bb4ed42 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  16. Over the 13 weeks after EU import ban on seaborne Russian crude oil (in force 5 December 2022), crude costs alone would have moved Estonia's pre-tax diesel price by +3.3 c/L (range -5.0–+11.6); it actually moved -13.3 c/L, leaving -16.6 c/L not explained by crude.

    about EstoniaCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    weeks
    13
    status
    COMPUTED
    country
    Estonia
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    series_code
    CRUDE_ONLY_EXPECTED_EE_DIESEL
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2023-03-06
    pass_through_k
    2
    proxy_from_date
    2022-12-05
    observation_date
    2023-03-06
    gap_eur_per_litre
    -0.16645390432157892
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    actual_eur_per_litre
    -0.13334000000000024
    expected_eur_per_litre
    0.03311390432157867
    proxy_volatility_units
    -1.6767707765260176
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -7.161999999999999
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    -0.04980159270438421
    expected_high_eur_per_litre
    0.11602940134754093
    proxy_normal_volatility_pct
    9.842624566455152
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    fuel
    diesel
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    weeks
    13
    status
    COMPUTED
    country
    Estonia
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_EE_DIESEL
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2023-03-06
    pass_through_k
    2
    proxy_from_date
    2022-12-05
    statement_topic
    event
    observation_date
    2023-03-06
    gap_eur_per_litre
    -0.16645390432157892
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    -0.13334000000000024
    expected_eur_per_litre
    0.03311390432157867
    proxy_volatility_units
    -1.6767707765260176
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -7.161999999999999
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    -0.04980159270438421
    expected_high_eur_per_litre
    0.11602940134754093
    proxy_normal_volatility_pct
    9.842624566455152

    Template event.crude_only.computed v1.1 · Fingerprint c777d9754681d10e80b3039189ff8717452ec744f5419c548338249c5abd6d1e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  17. Direct physical dependence on Hormuz-linked crude for Estonia in 2022-12 is UNKNOWN: the source reports zero imports for this period, so there is no volume to take a share of - this is a reported zero, not missing data.

    about EstoniaUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Estonia
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    value_max_pct
    null
    value_min_pct
    null
    exposure_status
    UNKNOWN
    value_point_pct
    null
    observation_date
    2022-12-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Estonia
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    value_max_pct
    null
    value_min_pct
    null
    exposure_status
    UNKNOWN
    statement_topic
    hormuz
    value_point_pct
    null
    observation_date
    2022-12-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.unknown v1.1 · Fingerprint fc915b10ddbea8bd045530c9600a75fe1df7c711c89fd6a52fac2978f19c5f3c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  18. Direct physical dependence on Hormuz-linked refined product was limited (0%) for Estonia in 2022-12.

    about EstoniaCalculatedLow
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-12
    status
    OBSERVED
    country
    Estonia
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    value_point_pct
    0
    observation_date
    2022-12-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-12
    status
    OBSERVED
    country
    Estonia
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    statement_topic
    hormuz
    value_point_pct
    0
    observation_date
    2022-12-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.point v1.1 · Fingerprint a05316a8e23519f3279f690ffbb05c57c7923a98158721f6a51c72d4b9c66981 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. Whether Estonia's crude supply was physically reduced in 2022-12 is UNKNOWN: only 12 month(s) of comparison data, fewer than the 6 required.

    about EstoniaUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    country
    Estonia
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    partner_role
    ORIGIN
    value_tonnes
    0
    baseline_months
    12
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    0
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no cut-off
    min_baseline_months
    6
    baseline_months_used
    12
    supply_reduction_pct
    -10
    supply_baseline_months
    12
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    country
    Estonia
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    partner_role
    ORIGIN
    value_tonnes
    0
    baseline_months
    12
    statement_topic
    event
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    baseline_mean_tonnes
    0
    study_calculation_version
    event_study-1.0

    Template event.supply.unknown v1.1 · Fingerprint 099dd039d9a6751dcbff68a5ca309c8d0abf18ad373106849e40bca66948c9b1 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  20. In 2022-12, Estonia's oil stocks stood 34.0% above their trailing 12-month mean, with 82.0 days of cover (as published).

    about EstoniaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    status
    OBSERVED
    country
    Estonia
    direction
    above
    siec_code
    O4000
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    holder_type
    STK_CL
    series_code
    INVENTORY_EE
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    days_of_cover
    82
    metric_status
    COMPUTED
    mom_change_pct
    10.891089108910892
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    560000
    days_of_cover_basis
    as published by Eurostat (nrg_stk_oem, STK_EUE_DIR); not stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    observation_gap_days
    4
    trailing_12m_mean_tonnes
    417833.3333333333
    level_vs_trailing_12m_pct
    34.02473075388911
    trailing_12m_observations
    12
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no band
    band_applied_to
    the rounded figure printed in the sentence
    days_of_cover_basis
    as published (Eurostat nrg_stk_oem, STK_EUE_DIR); never stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    trailing_window_months
    12
    level_vs_trailing_12m_pct_raw
    34.02473075388911
    level_vs_trailing_12m_pct_shown
    34
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    status
    OBSERVED
    country
    Estonia
    direction
    above
    siec_code
    O4000
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    holder_type
    STK_CL
    series_code
    INVENTORY_EE
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    days_of_cover
    82
    metric_status
    COMPUTED
    mom_change_pct
    10.891089108910892
    statement_topic
    event
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    560000
    calculation_version
    event_statements-1.0
    days_of_cover_basis
    as published by Eurostat (nrg_stk_oem, STK_EUE_DIR); not stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    methodology_version
    1.0
    observation_gap_days
    4
    trailing_12m_mean_tonnes
    417833.3333333333
    level_vs_trailing_12m_pct
    34.02473075388911
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.above v1.1 · Fingerprint b6b5252d4c89dcde5f7005c815e525996e9c1614e5212e762d76d17427584a22 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  21. Summary of what can be checked here

    Only part of the chain can be checked for Estonia around EU import ban on seaborne Russian crude oil (in force 5 December 2022): 4 of the 8 series the method compares are available (crude benchmark, inventories, pre-tax pump price and pump price with tax), while refined-product benchmark, refining margin, freight rates and wholesale prices are not. Any claim that rests on the missing links cannot be tested here. This page describes what each series did around the event date. It is not a finding about cause: no causal design is published for this site, and a series that moved in the same window may have moved for other reasons.

    about EstoniaUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    country
    Estonia
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    dependence_band
    null
    dependence_range
    null
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.unknown
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    Thresholds
    source
    v1 choice of this module; the channel list is docs/PRICE_MODEL.md §2.3
    channels_total
    8
    channels_available
    4
    verdict_partial_min_channels
    3
    verdict_assessable_min_channels
    8
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    country
    Estonia
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    EE
    country_name
    Estonia
    country_slug
    estonia
    dependence_band
    null
    statement_topic
    event
    dependence_range
    null
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.unknown
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    study_calculation_version
    event_study-1.0

    Template event.verdict.partial v1.1 · Fingerprint e40c8659adc3f6449085ec00e01efeda2553dd04513fd391cf3bb5d00a9fe3d6 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  22. In the 7 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), the Brent crude benchmark moved -6.4%, which is 1.4 times its normal day-to-day variation over the previous three years — within that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    78
    status
    OBSERVED
    z_score
    -3.919330167431879
    t0_value
    83.36
    benchmark
    Brent crude
    change_pct
    -6.429942418426104
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    7
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.424724765497578
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    -5.359999999999999
    change_pct_from_t0
    -6.429942418426104
    observation_gap_days
    0
    normal_volatility_pct
    4.513111987760301
    change_in_volatility_units
    -1.424724765497578
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    78
    status
    OBSERVED
    z_score
    -3.919330167431879
    t0_value
    83.36
    benchmark
    Brent crude
    change_pct
    -6.429942418426104
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.424724765497578
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    -5.359999999999999
    change_pct_from_t0
    -6.429942418426104
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.513111987760301
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.424724765497578

    Template event.benchmark_move.within_normal v1.1 · Fingerprint b54773c6d8ea729448e355679535649a28ea7e4cedc8813dfcf6f2802aab32bd · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  23. In the 30 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), the Brent crude benchmark moved -9.7%, which is 2.1 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    75.31
    status
    OBSERVED
    z_score
    -4.677910199838048
    t0_value
    83.36
    benchmark
    Brent crude
    change_pct
    -9.65690978886756
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    30
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2023-01-04
    same_observation
    false
    volatility_units
    -2.1397452168387128
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    -8.049999999999997
    change_pct_from_t0
    -9.65690978886756
    observation_gap_days
    0
    normal_volatility_pct
    4.513111987760301
    change_in_volatility_units
    -2.1397452168387128
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    75.31
    status
    OBSERVED
    z_score
    -4.677910199838048
    t0_value
    83.36
    benchmark
    Brent crude
    change_pct
    -9.65690978886756
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2023-01-04
    same_observation
    false
    volatility_units
    -2.1397452168387128
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    -8.049999999999997
    change_pct_from_t0
    -9.65690978886756
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.513111987760301
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.1397452168387128

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint a66bdad4120941189e2864b65cefe96af6989d6c7dc9d9e481dad3f463e1452c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  24. In the 90 days after EU import ban on seaborne Russian crude oil (in force 5 December 2022), the Brent crude benchmark moved +2.9%, which is 0.6 times its normal day-to-day variation over the previous three years — within that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    85.74
    status
    OBSERVED
    z_score
    -1.7366500741888493
    t0_value
    83.36
    benchmark
    Brent crude
    change_pct
    2.855086372360839
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    offset_days
    90
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2023-03-03
    same_observation
    false
    volatility_units
    0.6326203249784009
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    2.3799999999999955
    change_pct_from_t0
    2.855086372360839
    observation_gap_days
    2
    normal_volatility_pct
    4.513111987760301
    change_in_volatility_units
    0.6326203249784009
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    value
    85.74
    status
    OBSERVED
    z_score
    -1.7366500741888493
    t0_value
    83.36
    benchmark
    Brent crude
    change_pct
    2.855086372360839
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2023-03-03
    same_observation
    false
    volatility_units
    0.6326203249784009
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    2.3799999999999955
    change_pct_from_t0
    2.855086372360839
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    4.513111987760301
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.6326203249784009

    Template event.benchmark_move.within_normal v1.1 · Fingerprint 95c15aae3aef102cb53ce9861989a6b3fd3d482e297b83dd1613ec9cd40b15cc · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  25. Freight rates reaction cannot be assessed: tanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    reason_code
    NO_LICENSED_FREIGHT_SOURCE
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_FREIGHT_SOURCE
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint 81f14ddf9bdd5a846c68ffa6a0c2ac90cc0051c094198d9fc185147f886c0b88 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  26. Refined-product benchmark reaction cannot be assessed: EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    reason_code
    NO_LICENSED_PRODUCT_BENCHMARK
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_PRODUCT_BENCHMARK
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint 91941020696deeb37b6bfcb5c4e321ba5865cedc68042d4a64d30524b6fb2549 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  27. Wholesale prices reaction cannot be assessed: wholesale / rack price series are proprietary with no redistribution grant.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    reason_code
    NO_LICENSED_WHOLESALE_SERIES
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_WHOLESALE_SERIES
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint e638c4d7da43b662509013a365f2d13fca0fa20208646d67ade6d6d3b40790a0 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  28. Refining margin reaction cannot be assessed: no published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    reason_code
    NO_REFINERY_MARGIN_SERIES
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    event_slug
    eu-russia-crude-embargo-2022
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_REFINERY_MARGIN_SERIES
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint e1f282615a660e84b280ecac2938abde9502c7d8209f04d500d682817c457aef · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

What this does not show

  • It does not show that the event caused anything. No causal design is published for this site, and a series that moved in this window may have moved for other reasons.
  • A change in volatility units is not a significance test, and neither is a z-score. They measure different things and are not interchangeable.
  • Channels with no licensed or loaded source are shown as empty panels, not as flat lines. “We cannot see this” is not “this did not move”.
  • Nothing is interpolated. Where several offsets resolve to one published figure, that is what the publisher printed, and the change against the event date is zero because it is the same number.

Estonia: supply, refineries and pump prices →

How to read the labels

  • OfficialReported directly by an official authority.
  • VerifiedReported by a third party we have verified against a primary record.
  • CalculatedComputed by us from reported inputs. The method is published on the methodology page.
  • Inferred · highNot reported. Inferred from at least two independent physical records.
  • Inferred · mediumNot reported. Inferred from strong indirect evidence, with no explicit confirmation.
  • Inferred · lowNot reported. Plausible from infrastructure or movement data only. Do not read as fact.
  • UnknownNo defensible public evidence establishes this. We are not guessing, and this is not a measurement of zero.