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.

Greece, all fuels in this run. 22 series can be drawn; 7 cannot be seen at all and are shown as labelled empty panels below.

260 published readings, 26 offsets with nothing published within one period, and 91 offsets on series we cannot see at all. Every one of them is on this page.

Europe Brent spot FOB

Unit: $ per barrelPublished: dailyCalculatedOfficial
T0−30−14T0+14+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
T0−30−14T0+14+30+60+902,279,1281,705,1512022-11-01: 2,181,749 tonnes, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 1,760,697 tonnes, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 1,782,374 tonnes, used for offsets +302023-02-01: 1,885,119 tonnes, used for offsets +602023-03-01: 2,223,582 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
−302022-11-012,181,749+421,052+23.91%+0.98
−142022-11-012,181,749+421,052+23.91%+0.98
−72022-11-012,181,749+421,052+23.91%+0.98
−32022-12-01same print as T01,760,6970.0000.00%0.00
−12022-12-01same print as T01,760,6970.0000.00%0.00
T02022-12-01same print as T01,760,6970.0000.00%0.00
+12022-12-01same print as T01,760,6970.0000.00%0.00
+32022-12-01same print as T01,760,6970.0000.00%0.00
+72022-12-01same print as T01,760,6970.0000.00%0.00
+142022-12-01same print as T01,760,6970.0000.00%0.00
+302023-01-011,782,374+21,677+1.23%+0.05
+602023-02-011,885,119+124,422+7.07%+0.29
+902023-03-012,223,582+462,885+26.29%+1.08

One volatility unit for this series is 24.31%, 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-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
T0−30−14T0+14+30+60+901.1641.0642022-10-31: 1.154 € per litre, used for offsets −302022-11-21: 1.139 € per litre, used for offsets −142022-11-28: 1.115 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.100 € per litre, used for offsets T0, +1, +32022-12-12: 1.074 € per litre, used for offsets +72022-12-19: 1.079 € per litre, used for offsets +142023-01-02: 1.086 € per litre, used for offsets +302023-01-30: 1.120 € per litre, used for offsets +602023-02-27: 1.132 € 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
−302022-10-311.154+0.054+4.95%+0.00
−142022-11-211.139+0.040+3.60%+0.00
−72022-11-281.115+0.015+1.36%+0.00
−32022-11-281.115+0.015+1.36%+0.00
−12022-11-281.115+0.015+1.36%+0.00
T02022-12-05same print as T01.1000.0000.00%0.00
+12022-12-05same print as T01.1000.0000.00%0.00
+32022-12-05same print as T01.1000.0000.00%0.00
+72022-12-121.074-0.026-2.39%-0.00
+142022-12-191.079-0.021-1.86%-0.00
+302023-01-021.086-0.014-1.27%-0.00
+602023-01-301.120+0.020+1.80%+0.00
+902023-02-271.132+0.032+2.89%+0.00

One volatility unit for this series is 1,365.94%, 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.

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
T0−30−14T0+14+30+60+900.9100.8382022-10-31: 0.9027 € per litre, used for offsets −302022-11-21: 0.8901 € per litre, used for offsets −142022-11-28: 0.8737 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.8629 € per litre, used for offsets T0, +1, +32022-12-12: 0.8449 € per litre, used for offsets +72022-12-19: 0.8490 € per litre, used for offsets +142023-01-02: 0.8519 € per litre, used for offsets +302023-01-30: 0.8700 € per litre, used for offsets +602023-02-27: 0.8745 € 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
−302022-10-310.9027+0.040+4.61%+1.86
−142022-11-210.8901+0.027+3.16%+1.28
−72022-11-280.8737+0.011+1.26%+0.51
−32022-11-280.8737+0.011+1.26%+0.51
−12022-11-280.8737+0.011+1.26%+0.51
T02022-12-05same print as T00.86290.0000.00%0.00
+12022-12-05same print as T00.86290.0000.00%0.00
+32022-12-05same print as T00.86290.0000.00%0.00
+72022-12-120.8449-0.018-2.08%-0.84
+142022-12-190.8490-0.014-1.61%-0.65
+302023-01-020.8519-0.011-1.28%-0.52
+602023-01-300.8700+0.007+0.82%+0.33
+902023-02-270.8745+0.012+1.34%+0.54

One volatility unit for this series is 2.48%, 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
T0−30−14T0+14+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
T0−30−14T0+14+30+60+9064.0927.622022-11-01: 36.60 to 53.36 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-12-01: 36.35 to 49.20 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-01-01: 44.21 to 60.56 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-02-01: 38.97 to 47.46 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-03-01: 31.15 to 44.26 % of imported tonnes. No point estimate is published, so no midpoint is drawn.

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. The shaded band is the admissible range. No midpoint is drawn, because no point estimate is published.

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
−302022-11-0136.60–53.36not publishednot publishednot published
−142022-11-0136.60–53.36not publishednot publishednot published
−72022-11-0136.60–53.36not publishednot publishednot published
−32022-12-0136.35–49.20not publishednot publishednot published
−12022-12-0136.35–49.20not publishednot publishednot published
T02022-12-0136.35–49.20not publishednot publishednot published
+12022-12-0136.35–49.20not publishednot publishednot published
+32022-12-0136.35–49.20not publishednot publishednot published
+72022-12-0136.35–49.20not publishednot publishednot published
+142022-12-0136.35–49.20not publishednot publishednot published
+302023-01-0144.21–60.56not publishednot publishednot published
+602023-02-0138.97–47.46not publishednot publishednot published
+902023-03-0131.15–44.26not 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: monthlyUnknownUnknown
T0−30−14T0+14+30+60+9070.200.002022-11-01: 0 to 49.58 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-12-01: 0 to 26.14 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-01-01: 0 to 17.28 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-02-01: 0 to 20.18 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-03-01: 8.310 to 62.68 % of imported tonnes. No point estimate is published, so no midpoint is drawn.

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. The shaded band is the admissible range. No midpoint is drawn, because no point estimate is published.

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
−302022-11-010–49.58not publishednot publishednot published
−142022-11-010–49.58not publishednot publishednot published
−72022-11-010–49.58not publishednot publishednot published
−32022-12-010–26.14not publishednot publishednot published
−12022-12-010–26.14not publishednot publishednot published
T02022-12-010–26.14not publishednot publishednot published
+12022-12-010–26.14not publishednot publishednot published
+32022-12-010–26.14not publishednot publishednot published
+72022-12-010–26.14not publishednot publishednot published
+142022-12-010–26.14not publishednot publishednot published
+302023-01-010–17.28not publishednot publishednot published
+602023-02-010–20.18not publishednot publishednot published
+902023-03-018.310–62.68not 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.

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

Unit: days of coverPublished: monthlyCalculatedOfficial
T0−30−14T0+14+30+60+90143.8115.22022-11-01: 141.0 days of cover, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 133.0 days of cover, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 137.0 days of cover, used for offsets +302023-02-01: 118.0 days of cover, used for offsets +602023-03-01: 133.0 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
−302022-11-01141.0+8.000+6.02%+0.60
−142022-11-01141.0+8.000+6.02%+0.60
−72022-11-01141.0+8.000+6.02%+0.60
−32022-12-01same print as T0133.00.0000.00%0.00
−12022-12-01same print as T0133.00.0000.00%0.00
T02022-12-01same print as T0133.00.0000.00%0.00
+12022-12-01same print as T0133.00.0000.00%0.00
+32022-12-01same print as T0133.00.0000.00%0.00
+72022-12-01same print as T0133.00.0000.00%0.00
+142022-12-01same print as T0133.00.0000.00%0.00
+302023-01-01137.0+4.000+3.01%+0.30
+602023-02-01118.0-15.000-11.28%-1.12
+902023-03-01133.00.0000.00%0.00

One volatility unit for this series is 10.03%, 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
T0−30−14T0+14+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.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+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
T0−30−14T0+14+30+60+904,814,7674,209,5542022-11-01: 4,756,198 tonnes, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 4,391,950 tonnes, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 4,583,411 tonnes, used for offsets +302023-02-01: 4,268,123 tonnes, used for offsets +602023-03-01: 4,416,776 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
−302022-11-014,756,198+364,248+8.29%+1.24
−142022-11-014,756,198+364,248+8.29%+1.24
−72022-11-014,756,198+364,248+8.29%+1.24
−32022-12-01same print as T04,391,9500.0000.00%0.00
−12022-12-01same print as T04,391,9500.0000.00%0.00
T02022-12-01same print as T04,391,9500.0000.00%0.00
+12022-12-01same print as T04,391,9500.0000.00%0.00
+32022-12-01same print as T04,391,9500.0000.00%0.00
+72022-12-01same print as T04,391,9500.0000.00%0.00
+142022-12-01same print as T04,391,9500.0000.00%0.00
+302023-01-014,583,411+191,461+4.36%+0.65
+602023-02-014,268,123-123,827-2.82%-0.42
+902023-03-014,416,776+24,826+0.57%+0.08

One volatility unit for this series is 6.67%, 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
T0−30−14T0+14+30+60+900.159-0.2182022-10-31: 0.1222 € per litre, used for offsets −302022-11-21: 0.0443 € per litre, used for offsets −142022-11-28: 0.0197 € 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: -0.0407 € per litre, used for offsets +72022-12-19: -0.0585 € per litre, used for offsets +142023-01-02: -0.0618 € per litre, used for offsets +302023-01-30: -0.0746 € per litre, used for offsets +602023-02-27: -0.1818 € 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
−302022-10-310.1222+0.122not publishednot published
−142022-11-210.0443+0.044not publishednot published
−72022-11-280.0197+0.020not publishednot published
−32022-11-280.0197+0.020not publishednot published
−12022-11-280.0197+0.020not 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
+72022-12-12-0.0407-0.041not publishednot published
+142022-12-19-0.0585-0.059not publishednot published
+302023-01-02-0.0618-0.062not publishednot published
+602023-01-30-0.0746-0.075not publishednot published
+902023-02-27-0.1818-0.182not 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.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.066-0.1072022-10-31: 0.0247 € per litre, used for offsets −302022-11-21: 0.0494 € per litre, used for offsets −142022-11-28: 0.0150 € 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: -0.0619 € per litre, used for offsets +72022-12-19: -0.0901 € per litre, used for offsets +142023-01-02: -0.0785 € per litre, used for offsets +302023-01-30: -0.0378 € per litre, used for offsets +602023-02-27: -0.0592 € 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
−302022-10-310.0247+0.025not publishednot published
−142022-11-210.0494+0.049not publishednot published
−72022-11-280.0150+0.015not publishednot published
−32022-11-280.0150+0.015not publishednot published
−12022-11-280.0150+0.015not 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
+72022-12-12-0.0619-0.062not publishednot published
+142022-12-19-0.0901-0.090not publishednot published
+302023-01-02-0.0785-0.079not publishednot published
+602023-01-30-0.0378-0.038not publishednot published
+902023-02-27-0.0592-0.059not 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
T0−30−14T0+14+30+60+902.1581.6552022-10-31: 2.109 € per litre, used for offsets −302022-11-21: 1.994 € per litre, used for offsets −142022-11-28: 1.933 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.890 € per litre, used for offsets T0, +1, +32022-12-12: 1.807 € per litre, used for offsets +72022-12-19: 1.792 € per litre, used for offsets +142023-01-02: 1.796 € per litre, used for offsets +302023-01-30: 1.822 € per litre, used for offsets +602023-02-27: 1.704 € 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
−302022-10-312.109+0.219+11.59%+4.86
−142022-11-211.994+0.104+5.50%+2.31
−72022-11-281.933+0.043+2.28%+0.96
−32022-11-281.933+0.043+2.28%+0.96
−12022-11-281.933+0.043+2.28%+0.96
T02022-12-05same print as T01.8900.0000.00%0.00
+12022-12-05same print as T01.8900.0000.00%0.00
+32022-12-05same print as T01.8900.0000.00%0.00
+72022-12-121.807-0.083-4.39%-1.84
+142022-12-191.792-0.098-5.19%-2.18
+302023-01-021.796-0.094-4.97%-2.09
+602023-01-301.822-0.068-3.60%-1.51
+902023-02-271.704-0.186-9.84%-4.13

One volatility unit for this series is 2.38%, 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 with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+902.0791.8012022-10-31: 2.037 € per litre, used for offsets −302022-11-21: 2.052 € per litre, used for offsets −142022-11-28: 1.989 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.957 € per litre, used for offsets T0, +1, +32022-12-12: 1.858 € per litre, used for offsets +72022-12-19: 1.828 € per litre, used for offsets +142023-01-02: 1.846 € per litre, used for offsets +302023-01-30: 1.919 € per litre, used for offsets +602023-02-27: 1.898 € 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
−302022-10-312.037+0.080+4.09%+2.74
−142022-11-212.052+0.095+4.85%+3.26
−72022-11-281.989+0.032+1.64%+1.10
−32022-11-281.989+0.032+1.64%+1.10
−12022-11-281.989+0.032+1.64%+1.10
T02022-12-05same print as T01.9570.0000.00%0.00
+12022-12-05same print as T01.9570.0000.00%0.00
+32022-12-05same print as T01.9570.0000.00%0.00
+72022-12-121.858-0.099-5.06%-3.39
+142022-12-191.828-0.129-6.59%-4.42
+302023-01-021.846-0.111-5.67%-3.81
+602023-01-301.919-0.038-1.94%-1.30
+902023-02-271.898-0.059-3.01%-2.02

One volatility unit for this series is 1.49%, 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
T0−30−14T0+14+30+60+901.3160.9112022-10-31: 1.276 € per litre, used for offsets −302022-11-21: 1.184 € per litre, used for offsets −142022-11-28: 1.135 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.100 € per litre, used for offsets T0, +1, +32022-12-12: 1.033 € per litre, used for offsets +72022-12-19: 1.021 € per litre, used for offsets +142023-01-02: 1.024 € per litre, used for offsets +302023-01-30: 1.045 € per litre, used for offsets +602023-02-27: 0.9499 € 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
−302022-10-311.276+0.177+16.06%+4.64
−142022-11-211.184+0.084+7.63%+2.20
−72022-11-281.135+0.035+3.15%+0.91
−32022-11-281.135+0.035+3.15%+0.91
−12022-11-281.135+0.035+3.15%+0.91
T02022-12-05same print as T01.1000.0000.00%0.00
+12022-12-05same print as T01.1000.0000.00%0.00
+32022-12-05same print as T01.1000.0000.00%0.00
+72022-12-121.033-0.067-6.09%-1.76
+142022-12-191.021-0.079-7.19%-2.07
+302023-01-021.024-0.076-6.89%-1.99
+602023-01-301.045-0.055-4.99%-1.44
+902023-02-270.9499-0.150-13.64%-3.94

One volatility unit for this series is 3.46%, 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
T0−30−14T0+14+30+60+900.9610.7372022-10-31: 0.9274 € per litre, used for offsets −302022-11-21: 0.9395 € per litre, used for offsets −142022-11-28: 0.8887 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.8629 € per litre, used for offsets T0, +1, +32022-12-12: 0.7831 € per litre, used for offsets +72022-12-19: 0.7589 € per litre, used for offsets +142023-01-02: 0.7734 € per litre, used for offsets +302023-01-30: 0.8322 € per litre, used for offsets +602023-02-27: 0.8153 € 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
−302022-10-310.9274+0.065+7.48%+2.54
−142022-11-210.9395+0.077+8.88%+3.02
−72022-11-280.8887+0.026+2.99%+1.02
−32022-11-280.8887+0.026+2.99%+1.02
−12022-11-280.8887+0.026+2.99%+1.02
T02022-12-05same print as T00.86290.0000.00%0.00
+12022-12-05same print as T00.86290.0000.00%0.00
+32022-12-05same print as T00.86290.0000.00%0.00
+72022-12-120.7831-0.080-9.25%-3.15
+142022-12-190.7589-0.104-12.06%-4.10
+302023-01-020.7734-0.090-10.37%-3.53
+602023-01-300.8322-0.031-3.55%-1.21
+902023-02-270.8153-0.048-5.51%-1.88

One volatility unit for this series is 2.94%, 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
T0−30−14T0+14+30+60+900.8420.7452022-10-31: 0.8325 € per litre, used for offsets −302022-11-21: 0.8103 € per litre, used for offsets −142022-11-28: 0.7985 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.7901 € per litre, used for offsets T0, +1, +32022-12-12: 0.7741 € per litre, used for offsets +72022-12-19: 0.7712 € per litre, used for offsets +142023-01-02: 0.7719 € per litre, used for offsets +302023-01-30: 0.7770 € per litre, used for offsets +602023-02-27: 0.7541 € 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
−302022-10-310.8325+0.042+5.36%+5.05
−142022-11-210.8103+0.020+2.55%+2.40
−72022-11-280.7985+0.008+1.05%+0.99
−32022-11-280.7985+0.008+1.05%+0.99
−12022-11-280.7985+0.008+1.05%+0.99
T02022-12-05same print as T00.79010.0000.00%0.00
+12022-12-05same print as T00.79010.0000.00%0.00
+32022-12-05same print as T00.79010.0000.00%0.00
+72022-12-120.7741-0.016-2.03%-1.92
+142022-12-190.7712-0.019-2.40%-2.26
+302023-01-020.7719-0.018-2.30%-2.17
+602023-01-300.7770-0.013-1.67%-1.57
+902023-02-270.7541-0.036-4.56%-4.29

One volatility unit for this series is 1.06%, 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
T0−30−14T0+14+30+60+901.1181.0642022-10-31: 1.110 € per litre, used for offsets −302022-11-21: 1.113 € per litre, used for offsets −142022-11-28: 1.100 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.094 € per litre, used for offsets T0, +1, +32022-12-12: 1.075 € per litre, used for offsets +72022-12-19: 1.069 € per litre, used for offsets +142023-01-02: 1.073 € per litre, used for offsets +302023-01-30: 1.087 € per litre, used for offsets +602023-02-27: 1.083 € 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
−302022-10-311.110+0.015+1.42%+2.73
−142022-11-211.113+0.018+1.68%+3.24
−72022-11-281.100+0.006+0.57%+1.09
−32022-11-281.100+0.006+0.57%+1.09
−12022-11-281.100+0.006+0.57%+1.09
T02022-12-05same print as T01.0940.0000.00%0.00
+12022-12-05same print as T01.0940.0000.00%0.00
+32022-12-05same print as T01.0940.0000.00%0.00
+72022-12-121.075-0.019-1.75%-3.37
+142022-12-191.069-0.025-2.28%-4.39
+302023-01-021.073-0.021-1.96%-3.78
+602023-01-301.087-0.007-0.67%-1.29
+902023-02-271.083-0.011-1.04%-2.01

One volatility unit for this series is 0.52%, 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 diesel 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
T0−30−14T0+14+30+60+90109.929.12022-11-04: 102.1 $ per barrel, used for offsets −302022-11-21: 61.92 $ per barrel, used for offsets −142022-11-28: 50.19 $ per barrel, used for offsets −72022-12-02: 47.86 $ per barrel, used for offsets −3, −1same print as T0 — 2022-12-05, 43.40 $ per barrel, used for offsets T02022-12-06: 42.43 $ per barrel, used for offsets +12022-12-08: 43.18 $ per barrel, used for offsets +32022-12-12: 45.31 $ per barrel, used for offsets +72022-12-19: 47.36 $ per barrel, used for offsets +142023-01-04: 52.92 $ per barrel, used for offsets +302023-02-03: 39.25 $ per barrel, used for offsets +602023-03-03: 36.90 $ 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 diesel 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
−302022-11-04102.1+58.716+135.30%+13.75
−142022-11-2161.92+18.524+42.69%+4.34
−72022-11-2850.19+6.790+15.65%+1.59
−32022-12-0247.86+4.464+10.29%+1.05
−12022-12-0247.86+4.464+10.29%+1.05
T02022-12-05same print as T043.400.0000.00%0.00
+12022-12-0642.43-0.970-2.24%-0.23
+32022-12-0843.18-0.220-0.51%-0.05
+72022-12-1245.31+1.916+4.42%+0.45
+142022-12-1947.36+3.968+9.14%+0.93
+302023-01-0452.92+9.520+21.94%+2.23
+602023-02-0339.25-4.142-9.54%-0.97
+902023-03-0336.90-6.496-14.97%-1.52

One volatility unit for this series is 9.84%, 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 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
T0−30−14T0+14+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
T0−30−14T0+14+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.

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.

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.

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.Range only44.21–60.56 % of imported tonnes at +30 d (2023-01) · no midpoint
Direct product exposure (D2)Share of imported refined product whose route requires the Strait of Hormuz.Range only0–17.28 % of imported tonnes at +30 d (2023-01) · no midpoint
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.Observed137.0 days of cover at +30 d (published 2023-01-01)+3.01% from the level at T0 = +0.30 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed75.31 $ 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.Observed4,583,411 tonnes at +30 d (published 2023-01-01)+4.36% from the level at T0 = +0.65 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.Observed1.024 € per litre at +30 d (published 2023-01-02)-6.89% from the level at T0 = -1.99 volatility units
Pump price with taxWhat a driver actually paid.Observed1.796 € per litre at +30 d (published 2023-01-02)-4.97% from the level at T0 = -2.09 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: Greece, 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. No fuel is selected, so petrol is shown.

The crude-only comparison could not be read.

API 404 for /api/events/eu-russia-crude-embargo-2022/crude-only: No stored crude-only run for 'eu-russia-crude-embargo-2022' and country 'greece'. Runs are stored for the pilot countries; available_countries lists them.

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), Greece's pre-tax petrol price moved -9.3%, which is 3.1 times its normal week-to-week variation over the previous three years — outside that range.

    about GreeceCalculatedOfficial
    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
    0.78305
    status
    OBSERVED
    country
    Greece
    z_score
    -3.6954606031941704
    t0_value
    0.86289
    fuel_type
    EURO_SUPER_95
    change_pct
    -9.252627797285866
    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_GR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -3.148975796902432
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.07984000000000002
    change_pct_from_t0
    -9.252627797285866
    observation_gap_days
    0
    normal_volatility_pct
    2.938297527211051
    change_in_volatility_units
    -3.148975796902432
    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
    0.78305
    status
    OBSERVED
    country
    Greece
    z_score
    -3.6954606031941704
    t0_value
    0.86289
    fuel_type
    EURO_SUPER_95
    change_pct
    -9.252627797285866
    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_GR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -3.148975796902432
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.07984000000000002
    change_pct_from_t0
    -9.252627797285866
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    2.938297527211051
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -3.148975796902432

    Template event.price_move.outside_normal v1.1 · Fingerprint b082ca9e875ae522016c8bd2bb14bd585fc39346dcc48e7a5d1dcac1a936a46b · 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), Greece's pre-tax petrol price moved -10.4%, which is 3.5 times its normal week-to-week variation over the previous three years — outside that range.

    about GreeceCalculatedOfficial
    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
    0.77337
    status
    OBSERVED
    country
    Greece
    z_score
    -4.017778587934456
    t0_value
    0.86289
    fuel_type
    EURO_SUPER_95
    change_pct
    -10.37443938393075
    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_GR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -3.530765447629081
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08952000000000004
    change_pct_from_t0
    -10.37443938393075
    observation_gap_days
    2
    normal_volatility_pct
    2.938297527211051
    change_in_volatility_units
    -3.530765447629081
    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
    0.77337
    status
    OBSERVED
    country
    Greece
    z_score
    -4.017778587934456
    t0_value
    0.86289
    fuel_type
    EURO_SUPER_95
    change_pct
    -10.37443938393075
    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_GR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -3.530765447629081
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08952000000000004
    change_pct_from_t0
    -10.37443938393075
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.938297527211051
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -3.530765447629081

    Template event.price_move.outside_normal v1.1 · Fingerprint a54a70c26d4830ad4e3898b5c9071e43b9dc74c208ad627dc3e84027c0cd3ac6 · 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), Greece's pre-tax petrol price moved -5.5%, which is 1.9 times its normal week-to-week variation over the previous three years — within that range.

    about GreeceCalculatedOfficial
    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
    0.81531
    status
    OBSERVED
    country
    Greece
    z_score
    -2.62128930280971
    t0_value
    0.86289
    fuel_type
    EURO_SUPER_95
    change_pct
    -5.514028439314404
    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_GR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -1.8766065683444126
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.04758000000000007
    change_pct_from_t0
    -5.514028439314404
    observation_gap_days
    6
    normal_volatility_pct
    2.938297527211051
    change_in_volatility_units
    -1.8766065683444126
    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
    0.81531
    status
    OBSERVED
    country
    Greece
    z_score
    -2.62128930280971
    t0_value
    0.86289
    fuel_type
    EURO_SUPER_95
    change_pct
    -5.514028439314404
    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_GR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -1.8766065683444126
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.04758000000000007
    change_pct_from_t0
    -5.514028439314404
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    2.938297527211051
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.8766065683444126

    Template event.price_move.within_normal v1.1 · Fingerprint e2782cdc609181f2b070c540688ba963d09c97cf4cd1ec44619e963f6a1f4e34 · 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), Greece's tax-inclusive petrol price moved -5.1%, which is 3.4 times its normal week-to-week variation over the previous three years — outside that range.

    about GreeceCalculatedOfficial
    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
    1.858
    status
    OBSERVED
    country
    Greece
    z_score
    -3.695594092083804
    t0_value
    1.957
    fuel_type
    EURO_SUPER_95
    change_pct
    -5.058763413387838
    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_GR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -3.394448640465684
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.09899999999999998
    change_pct_from_t0
    -5.058763413387838
    observation_gap_days
    0
    normal_volatility_pct
    1.4903048916638864
    change_in_volatility_units
    -3.394448640465684
    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
    1.858
    status
    OBSERVED
    country
    Greece
    z_score
    -3.695594092083804
    t0_value
    1.957
    fuel_type
    EURO_SUPER_95
    change_pct
    -5.058763413387838
    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_GR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -3.394448640465684
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.09899999999999998
    change_pct_from_t0
    -5.058763413387838
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    1.4903048916638864
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -3.394448640465684

    Template event.price_move.outside_normal v1.1 · Fingerprint 87c85ce5bebe1a43aac04e12b870369923c54f9a1187a0f6ae9baf692d82f871 · 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), Greece's tax-inclusive petrol price moved -5.7%, which is 3.8 times its normal week-to-week variation over the previous three years — outside that range.

    about GreeceCalculatedOfficial
    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
    1.846
    status
    OBSERVED
    country
    Greece
    z_score
    -4.017825729540703
    t0_value
    1.957
    fuel_type
    EURO_SUPER_95
    change_pct
    -5.671946857434848
    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_GR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -3.8058969605221304
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.11099999999999999
    change_pct_from_t0
    -5.671946857434848
    observation_gap_days
    2
    normal_volatility_pct
    1.4903048916638864
    change_in_volatility_units
    -3.8058969605221304
    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
    1.846
    status
    OBSERVED
    country
    Greece
    z_score
    -4.017825729540703
    t0_value
    1.957
    fuel_type
    EURO_SUPER_95
    change_pct
    -5.671946857434848
    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_GR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -3.8058969605221304
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.11099999999999999
    change_pct_from_t0
    -5.671946857434848
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.4903048916638864
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -3.8058969605221304

    Template event.price_move.outside_normal v1.1 · Fingerprint d9b946bcfe3d9557fc6c2686892ebe320012a6cd485a00ef0b1b4e707f4d21dd · 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), Greece's tax-inclusive petrol price moved -3.0%, which is 2.0 times its normal week-to-week variation over the previous three years — outside that range.

    about GreeceCalculatedOfficial
    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
    1.8980000000000001
    status
    OBSERVED
    country
    Greece
    z_score
    -2.6214886338941406
    t0_value
    1.957
    fuel_type
    EURO_SUPER_95
    change_pct
    -3.0148185998977994
    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_GR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.022954240277527
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.05899999999999994
    change_pct_from_t0
    -3.0148185998977994
    observation_gap_days
    6
    normal_volatility_pct
    1.4903048916638864
    change_in_volatility_units
    -2.022954240277527
    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
    1.8980000000000001
    status
    OBSERVED
    country
    Greece
    z_score
    -2.6214886338941406
    t0_value
    1.957
    fuel_type
    EURO_SUPER_95
    change_pct
    -3.0148185998977994
    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_GR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.022954240277527
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.05899999999999994
    change_pct_from_t0
    -3.0148185998977994
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    1.4903048916638864
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.022954240277527

    Template event.price_move.outside_normal v1.1 · Fingerprint 791c7a984bfcf0f86670e44499b6b5fdc4bbd78ed89054bc883a9365aaf8c650 · 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), Greece's pre-tax diesel price moved -6.1%, which is 1.8 times its normal week-to-week variation over the previous three years — within that range.

    about GreeceCalculatedOfficial
    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
    1.0329300000000001
    status
    OBSERVED
    country
    Greece
    z_score
    -1.401494100496163
    t0_value
    1.0998599999999998
    fuel_type
    DIESEL
    change_pct
    -6.085319949811769
    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_GR_DIESEL
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.7569623583246048
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.06692999999999971
    change_pct_from_t0
    -6.085319949811769
    observation_gap_days
    0
    normal_volatility_pct
    3.463546000845788
    change_in_volatility_units
    -1.7569623583246048
    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
    1.0329300000000001
    status
    OBSERVED
    country
    Greece
    z_score
    -1.401494100496163
    t0_value
    1.0998599999999998
    fuel_type
    DIESEL
    change_pct
    -6.085319949811769
    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_GR_DIESEL
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.7569623583246048
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.06692999999999971
    change_pct_from_t0
    -6.085319949811769
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    3.463546000845788
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.7569623583246048

    Template event.price_move.within_normal v1.1 · Fingerprint a77d6df6994a57af272fb755a8c7fddb52f05b415adb8d53620ef6de002495ba · 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), Greece's pre-tax diesel price moved -6.9%, which is 2.0 times its normal week-to-week variation over the previous three years — within that range.

    about GreeceCalculatedOfficial
    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
    1.02406
    status
    OBSERVED
    country
    Greece
    z_score
    -1.4848169787762597
    t0_value
    1.0998599999999998
    fuel_type
    DIESEL
    change_pct
    -6.891786227338014
    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_GR_DIESEL
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -1.9898064658748749
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.07579999999999987
    change_pct_from_t0
    -6.891786227338014
    observation_gap_days
    2
    normal_volatility_pct
    3.463546000845788
    change_in_volatility_units
    -1.9898064658748749
    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
    1.02406
    status
    OBSERVED
    country
    Greece
    z_score
    -1.4848169787762597
    t0_value
    1.0998599999999998
    fuel_type
    DIESEL
    change_pct
    -6.891786227338014
    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_GR_DIESEL
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -1.9898064658748749
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.07579999999999987
    change_pct_from_t0
    -6.891786227338014
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    3.463546000845788
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.9898064658748749

    Template event.price_move.within_normal v1.1 · Fingerprint 95bfa6981d95736702c9813b4dba5bbb9d21bea6b4f94189c1f66e4d440ee1d3 · 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), Greece's pre-tax diesel price moved -13.6%, which is 3.9 times its normal week-to-week variation over the previous three years — outside that range.

    about GreeceCalculatedOfficial
    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
    0.94986
    status
    OBSERVED
    country
    Greece
    z_score
    -2.181835870363978
    t0_value
    1.0998599999999998
    fuel_type
    DIESEL
    change_pct
    -13.638099394468371
    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_GR_DIESEL
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -3.9376117398579336
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.1499999999999998
    change_pct_from_t0
    -13.638099394468371
    observation_gap_days
    6
    normal_volatility_pct
    3.463546000845788
    change_in_volatility_units
    -3.9376117398579336
    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
    0.94986
    status
    OBSERVED
    country
    Greece
    z_score
    -2.181835870363978
    t0_value
    1.0998599999999998
    fuel_type
    DIESEL
    change_pct
    -13.638099394468371
    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_GR_DIESEL
    series_kind
    pre-tax
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -3.9376117398579336
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.1499999999999998
    change_pct_from_t0
    -13.638099394468371
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    3.463546000845788
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -3.9376117398579336

    Template event.price_move.outside_normal v1.1 · Fingerprint 4bbf22ad6445052651d36938d7be6740551cffa5ec970d31f0deec59c74c2a28 · 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), Greece's tax-inclusive diesel price moved -4.4%, which is 1.8 times its normal week-to-week variation over the previous three years — within that range.

    about GreeceCalculatedOfficial
    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
    1.807
    status
    OBSERVED
    country
    Greece
    z_score
    -1.4014806802576538
    t0_value
    1.8900000000000001
    fuel_type
    DIESEL
    change_pct
    -4.391534391534401
    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_GR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.8435527411229735
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08300000000000018
    change_pct_from_t0
    -4.391534391534401
    observation_gap_days
    0
    normal_volatility_pct
    2.3821040177344543
    change_in_volatility_units
    -1.8435527411229735
    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
    1.807
    status
    OBSERVED
    country
    Greece
    z_score
    -1.4014806802576538
    t0_value
    1.8900000000000001
    fuel_type
    DIESEL
    change_pct
    -4.391534391534401
    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_GR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.8435527411229735
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08300000000000018
    change_pct_from_t0
    -4.391534391534401
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    2.3821040177344543
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.8435527411229735

    Template event.price_move.within_normal v1.1 · Fingerprint ed55b3f2b4b8ba21bfbf4bb2d62b007c1ccae7170fbc9a609bae748a3fe22391 · 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), Greece's tax-inclusive diesel price moved -5.0%, which is 2.1 times its normal week-to-week variation over the previous three years — outside that range.

    about GreeceCalculatedOfficial
    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
    1.796
    status
    OBSERVED
    country
    Greece
    z_score
    -1.4848119639486486
    t0_value
    1.8900000000000001
    fuel_type
    DIESEL
    change_pct
    -4.973544973544978
    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_GR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -2.0878790080187866
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.09400000000000008
    change_pct_from_t0
    -4.973544973544978
    observation_gap_days
    2
    normal_volatility_pct
    2.3821040177344543
    change_in_volatility_units
    -2.0878790080187866
    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
    1.796
    status
    OBSERVED
    country
    Greece
    z_score
    -1.4848119639486486
    t0_value
    1.8900000000000001
    fuel_type
    DIESEL
    change_pct
    -4.973544973544978
    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_GR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -2.0878790080187866
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.09400000000000008
    change_pct_from_t0
    -4.973544973544978
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.3821040177344543
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.0878790080187866

    Template event.price_move.outside_normal v1.1 · Fingerprint e45c681d953a07339f4835ed65e93581fd0c680acafa75b27027d1b1c45355f6 · 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), Greece's tax-inclusive diesel price moved -9.8%, which is 4.1 times its normal week-to-week variation over the previous three years — outside that range.

    about GreeceCalculatedOfficial
    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
    1.704
    status
    OBSERVED
    country
    Greece
    z_score
    -2.1817645184551577
    t0_value
    1.8900000000000001
    fuel_type
    DIESEL
    change_pct
    -9.841269841269849
    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_GR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -4.131335058420151
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.18600000000000017
    change_pct_from_t0
    -9.841269841269849
    observation_gap_days
    6
    normal_volatility_pct
    2.3821040177344543
    change_in_volatility_units
    -4.131335058420151
    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
    1.704
    status
    OBSERVED
    country
    Greece
    z_score
    -2.1817645184551577
    t0_value
    1.8900000000000001
    fuel_type
    DIESEL
    change_pct
    -9.841269841269849
    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_GR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -4.131335058420151
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.18600000000000017
    change_pct_from_t0
    -9.841269841269849
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    2.3821040177344543
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -4.131335058420151

    Template event.price_move.outside_normal v1.1 · Fingerprint cfd6304f95b7d25202ad0413328df48960aeabd65c457f452c35cbb0c6bb4275 · 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 Greece's pre-tax petrol price by -1.1 c/L (range -2.9–+0.7); it actually moved -9.0 c/L, leaving -7.9 c/L not explained by crude.

    about GreeceCalculatedMedium
    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
    Greece
    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_GR_EURO_SUPER_95
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    offset_weeks
    4
    proxy_product
    GASOLINE
    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
    -0.07851547267846268
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    actual_eur_per_litre
    -0.08952000000000004
    expected_eur_per_litre
    -0.011004527321537371
    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
    -0.02910126561711898
    expected_high_eur_per_litre
    0.007092210974044319
    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
    Greece
    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_GR_EURO_SUPER_95
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    offset_weeks
    4
    proxy_product
    GASOLINE
    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
    -0.07851547267846268
    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
    -0.08952000000000004
    expected_eur_per_litre
    -0.011004527321537371
    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
    -0.02910126561711898
    expected_high_eur_per_litre
    0.007092210974044319
    proxy_normal_volatility_pct
    182.43434263983826

    Template event.crude_only.computed v1.1 · Fingerprint f09aa8c6f5580b9238798f956a95b5e0d18e8fb1f24c27e24d1736e270895e21 · 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 Greece's pre-tax petrol price by +1.7 c/L (range -3.3–+6.7); it actually moved -4.5 c/L, leaving -6.2 c/L not explained by crude.

    about GreeceCalculatedMedium
    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
    Greece
    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_GR_EURO_SUPER_95
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    offset_weeks
    13
    proxy_product
    GASOLINE
    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
    -0.06203445397359
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    actual_eur_per_litre
    -0.04517000000000004
    expected_eur_per_litre
    0.016864453973589953
    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
    -0.032963694340566695
    expected_high_eur_per_litre
    0.06669260228774615
    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
    Greece
    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_GR_EURO_SUPER_95
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    offset_weeks
    13
    proxy_product
    GASOLINE
    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
    -0.06203445397359
    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
    -0.04517000000000004
    expected_eur_per_litre
    0.016864453973589953
    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
    -0.032963694340566695
    expected_high_eur_per_litre
    0.06669260228774615
    proxy_normal_volatility_pct
    182.43434263983826

    Template event.crude_only.computed v1.1 · Fingerprint 196df3741b7eeb8d906052cc9f01948462cf79066d33fef51ce71673cce85acf · 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 Greece's pre-tax diesel price by -1.4 c/L (range -5.6–+2.8); it actually moved -7.6 c/L, leaving -6.2 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 GreeceCalculatedMedium
    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
    Greece
    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_GR_DIESEL
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    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
    -0.06177689008263081
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    actual_eur_per_litre
    -0.07579999999999987
    expected_eur_per_litre
    -0.014023109917369055
    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
    -0.05616122340497221
    expected_high_eur_per_litre
    0.028115003570234595
    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
    Greece
    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_GR_DIESEL
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    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
    -0.06177689008263081
    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
    -0.07579999999999987
    expected_eur_per_litre
    -0.014023109917369055
    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
    -0.05616122340497221
    expected_high_eur_per_litre
    0.028115003570234595
    proxy_normal_volatility_pct
    9.842624566455152

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint 2af4dcbd918b19013eb03635025c52696c913b3eeb8bf838ddec5828a5e373e4 · 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 Greece's pre-tax diesel price by +4.0 c/L (range -7.2–+15.2); it actually moved -14.5 c/L, leaving -18.5 c/L not explained by crude.

    about GreeceCalculatedMedium
    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
    Greece
    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_GR_DIESEL
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    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
    -0.1848106554653342
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    actual_eur_per_litre
    -0.14515999999999973
    expected_eur_per_litre
    0.039650655465334465
    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
    -0.0722093342308214
    expected_high_eur_per_litre
    0.15151064516148993
    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
    Greece
    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_GR_DIESEL
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    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
    -0.1848106554653342
    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
    -0.14515999999999973
    expected_eur_per_litre
    0.039650655465334465
    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
    -0.0722093342308214
    expected_high_eur_per_litre
    0.15151064516148993
    proxy_normal_volatility_pct
    9.842624566455152

    Template event.crude_only.computed v1.1 · Fingerprint e57ec62f0d08b3e3cb560d9d963512fe88b999dc25961c60027c73d9b1838e0f · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  17. Direct physical dependence on Hormuz-linked crude was significant (36%–49%) for Greece in 2022-12. No point estimate is published: the origins concerned export from both inside and outside the Persian Gulf and the split per period is not public.

    about GreeceCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    band
    significant
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Greece
    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
    GR
    country_name
    Greece
    country_slug
    greece
    value_max_pct
    49.2019808064647
    value_min_pct
    36.3506663554263
    exposure_status
    RANGE_ONLY
    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
    band
    significant
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Greece
    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
    GR
    country_name
    Greece
    country_slug
    greece
    value_max_pct
    49.2019808064647
    value_min_pct
    36.3506663554263
    exposure_status
    RANGE_ONLY
    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.range v1.1 · Fingerprint 4926c971ba259d365c7e35fc7a798f8a38974cf5d56ce9abd2d727188473673a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  18. Direct physical dependence on Hormuz-linked refined product was moderate (0%–26%) for Greece in 2022-12. No point estimate is published: the origins concerned export from both inside and outside the Persian Gulf and the split per period is not public.

    about GreeceCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    band
    moderate
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Greece
    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
    GR
    country_name
    Greece
    country_slug
    greece
    value_max_pct
    26.1436242058903
    value_min_pct
    0
    exposure_status
    PARTIAL
    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
    band
    moderate
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Greece
    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
    GR
    country_name
    Greece
    country_slug
    greece
    value_max_pct
    26.1436242058903
    value_min_pct
    0
    exposure_status
    PARTIAL
    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.range v1.1 · Fingerprint d55e99db9356216a89e13a1f38ec399996aa1751f976baf9c49d85e79db9023a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. Available evidence does not show a physical supply reduction: Greece's reported crude imports in 2022-12 were -6.4% against the mean of the previous 12 months.

    about GreeceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    country
    Greece
    change_pct
    -6.366340963523737
    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
    GR
    country_name
    Greece
    country_slug
    greece
    partner_role
    ORIGIN
    value_tonnes
    1760697
    baseline_months
    12
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    1880410.3333333333
    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
    Greece
    change_pct
    -6.366340963523737
    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
    GR
    country_name
    Greece
    country_slug
    greece
    partner_role
    ORIGIN
    value_tonnes
    1760697
    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
    1880410.3333333333
    study_calculation_version
    event_study-1.0

    Template event.supply.no_reduction v1.1 · Fingerprint f9368512aab91f692aa2a80c77c33947e169fa8a19d34d5ef625dbb2d399770f · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  20. In 2022-12, Greece's oil stocks stood 1.7% above their trailing 12-month mean — inside the 5% either side that this site reads as in line with it, with 133.0 days of cover (as published).

    about GreeceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    status
    OBSERVED
    country
    Greece
    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_GR
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    days_of_cover
    133
    metric_status
    COMPUTED
    mom_change_pct
    -7.658385962905665
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    4391950
    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
    4317995.583333333
    level_vs_trailing_12m_pct
    1.7127024620431996
    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
    1.7127024620431996
    level_vs_trailing_12m_pct_shown
    1.7
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    status
    OBSERVED
    country
    Greece
    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_GR
    country_iso2
    GR
    country_name
    Greece
    country_slug
    greece
    days_of_cover
    133
    metric_status
    COMPUTED
    mom_change_pct
    -7.658385962905665
    statement_topic
    event
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    4391950
    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
    4317995.583333333
    level_vs_trailing_12m_pct
    1.7127024620431996
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.in_line v1.1 · Fingerprint 3a68e6e184730b1ad3fd3d360e0dcc54b5abbf564cbdfeef54f9f479000a6c61 · 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 Greece 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. Direct physical dependence on Hormuz-linked crude was significant (36–49%) over the period covered. 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 GreeceUnknownUnknown
    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
    Greece
    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
    GR
    country_name
    Greece
    country_slug
    greece
    dependence_band
    significant
    dependence_range
    36–49%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.no_reduction
    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
    Greece
    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
    GR
    country_name
    Greece
    country_slug
    greece
    dependence_band
    significant
    statement_topic
    event
    dependence_range
    36–49%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.no_reduction
    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 fbd633cd586c87d7cd93dd374f0fc9ab38172462b652e1712319b00b139400e2 · 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.

Greece: 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.