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.

Luxembourg, all fuels in this run. 20 series can be drawn; 9 cannot be seen at all and are shown as labelled empty panels below.

247 published readings, 13 offsets with nothing published within one period, and 117 offsets on series we cannot see at all. Every one of them is on this page.

Europe Brent spot FOB

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

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

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

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

reported crude oil imports, all origins

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

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

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

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

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.8660.7362022-10-31: 0.8538 € per litre, used for offsets −302022-11-21: 0.8329 € per litre, used for offsets −142022-11-28: 0.8000 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.7865 € per litre, used for offsets T0, +1, +32022-12-12: 0.7490 € per litre, used for offsets +72022-12-19: 0.7494 € per litre, used for offsets +142023-01-02: 0.7548 € per litre, used for offsets +302023-01-30: 0.7666 € per litre, used for offsets +602023-02-27: 0.7558 € 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
−302022-10-310.8538+0.067+8.55%+3.14
−142022-11-210.8329+0.046+5.90%+2.17
−72022-11-280.8000+0.013+1.71%+0.63
−32022-11-280.8000+0.013+1.71%+0.63
−12022-11-280.8000+0.013+1.71%+0.63
T02022-12-05same print as T00.78650.0000.00%0.00
+12022-12-05same print as T00.78650.0000.00%0.00
+32022-12-05same print as T00.78650.0000.00%0.00
+72022-12-120.7490-0.038-4.77%-1.75
+142022-12-190.7494-0.037-4.73%-1.74
+302023-01-020.7548-0.032-4.03%-1.48
+602023-01-300.7666-0.020-2.53%-0.93
+902023-02-270.7558-0.031-3.91%-1.44

One volatility unit for this series is 2.72%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

ECB euro foreign exchange reference rate

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

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

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

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

direct crude Hormuz exposure D1

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

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

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

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

direct refined-product Hormuz exposure D2

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

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

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

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

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

Unit: days of coverPublished: monthlyCalculatedOfficial
T0−30T0+30+60+9097.6588.352022-11-01: 93.00 days of cover, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 93.00 days of cover, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 93.00 days of cover, used for offsets +302023-02-01: 93.00 days of cover, used for offsets +602023-03-01: 93.00 days of cover, used for offsets +90

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

Window table for inventory exposure D7: published days of emergency stock cover, carried through: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-0193.000.0000.00%0.00
−142022-11-0193.000.0000.00%0.00
−72022-11-0193.000.0000.00%0.00
−32022-12-01same print as T093.000.0000.00%0.00
−12022-12-01same print as T093.000.0000.00%0.00
T02022-12-01same print as T093.000.0000.00%0.00
+12022-12-01same print as T093.000.0000.00%0.00
+32022-12-01same print as T093.000.0000.00%0.00
+72022-12-01same print as T093.000.0000.00%0.00
+142022-12-01same print as T093.000.0000.00%0.00
+302023-01-0193.000.0000.00%0.00
+602023-02-0193.000.0000.00%0.00
+902023-03-0193.000.0000.00%0.00

One volatility unit for this series is 0.93%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

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

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

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

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

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

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

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

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

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

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

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

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30T0+30+60+90759,512738,9372022-11-01: 757,521 tonnes, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 741,097 tonnes, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 752,586 tonnes, used for offsets +302023-02-01: 745,751 tonnes, used for offsets +602023-03-01: 740,928 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
−302022-11-01757,521+16,424+2.22%+0.56
−142022-11-01757,521+16,424+2.22%+0.56
−72022-11-01757,521+16,424+2.22%+0.56
−32022-12-01same print as T0741,0970.0000.00%0.00
−12022-12-01same print as T0741,0970.0000.00%0.00
T02022-12-01same print as T0741,0970.0000.00%0.00
+12022-12-01same print as T0741,0970.0000.00%0.00
+32022-12-01same print as T0741,0970.0000.00%0.00
+72022-12-01same print as T0741,0970.0000.00%0.00
+142022-12-01same print as T0741,0970.0000.00%0.00
+302023-01-01752,586+11,489+1.55%+0.39
+602023-02-01745,751+4,654+0.63%+0.16
+902023-03-01740,928-169.000-0.02%-0.01

One volatility unit for this series is 3.93%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.076-0.0492022-10-31: 0.0635 € per litre, used for offsets −302022-11-21: -0.0003 € per litre, used for offsets −142022-11-28: -0.0118 € 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: -0.0368 € per litre, used for offsets +72022-12-19: -0.0338 € per litre, used for offsets +142023-01-02: 0.0063 € per litre, used for offsets +302023-01-30: 0.0575 € per litre, used for offsets +602023-02-27: 0.0485 € 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
−302022-10-310.0635+0.064not publishednot published
−142022-11-21-0.0003-0.000not publishednot published
−72022-11-28-0.0118-0.012not publishednot published
−32022-11-28-0.0118-0.012not publishednot published
−12022-11-28-0.0118-0.012not 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
+72022-12-12-0.0368-0.037not publishednot published
+142022-12-19-0.0338-0.034not publishednot published
+302023-01-020.0063+0.006not publishednot published
+602023-01-300.0575+0.057not publishednot published
+902023-02-270.0485+0.048not publishednot published

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

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+902.0361.4822022-10-31: 1.982 € per litre, used for offsets −302022-11-21: 1.737 € per litre, used for offsets −142022-11-28: 1.660 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.671 € per litre, used for offsets T0, +1, +32022-12-12: 1.549 € per litre, used for offsets +72022-12-19: 1.637 € per litre, used for offsets +142023-01-02: 1.626 € per litre, used for offsets +302023-01-30: 1.653 € per litre, used for offsets +602023-02-27: 1.536 € per litre, used for offsets +90

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

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-10-311.982+0.311+18.61%+5.76
−142022-11-211.737+0.066+3.95%+1.22
−72022-11-281.660-0.011-0.66%-0.20
−32022-11-281.660-0.011-0.66%-0.20
−12022-11-281.660-0.011-0.66%-0.20
T02022-12-05same print as T01.6710.0000.00%0.00
+12022-12-05same print as T01.6710.0000.00%0.00
+32022-12-05same print as T01.6710.0000.00%0.00
+72022-12-121.549-0.122-7.30%-2.26
+142022-12-191.637-0.034-2.03%-0.63
+302023-01-021.626-0.045-2.69%-0.83
+602023-01-301.653-0.018-1.08%-0.33
+902023-02-271.536-0.135-8.08%-2.50

One volatility unit for this series is 3.23%, 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
T0−30T0+30+60+901.7191.4212022-10-31: 1.690 € per litre, used for offsets −302022-11-21: 1.591 € per litre, used for offsets −142022-11-28: 1.539 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.537 € per litre, used for offsets T0, +1, +32022-12-12: 1.450 € per litre, used for offsets +72022-12-19: 1.454 € per litre, used for offsets +142023-01-02: 1.507 € per litre, used for offsets +302023-01-30: 1.580 € per litre, used for offsets +602023-02-27: 1.557 € per litre, used for offsets +90

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

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-10-311.690+0.153+9.95%+3.78
−142022-11-211.591+0.054+3.51%+1.34
−72022-11-281.539+0.002+0.13%+0.05
−32022-11-281.539+0.002+0.13%+0.05
−12022-11-281.539+0.002+0.13%+0.05
T02022-12-05same print as T01.5370.0000.00%0.00
+12022-12-05same print as T01.5370.0000.00%0.00
+32022-12-05same print as T01.5370.0000.00%0.00
+72022-12-121.450-0.087-5.66%-2.15
+142022-12-191.454-0.083-5.40%-2.05
+302023-01-021.507-0.030-1.95%-0.74
+602023-01-301.580+0.043+2.80%+1.06
+902023-02-271.557+0.020+1.30%+0.49

One volatility unit for this series is 2.63%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+901.3230.8502022-10-31: 1.277 € per litre, used for offsets −302022-11-21: 1.068 € per litre, used for offsets −142022-11-28: 1.002 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.012 € per litre, used for offsets T0, +1, +32022-12-12: 0.9074 € per litre, used for offsets +72022-12-19: 0.9826 € per litre, used for offsets +142023-01-02: 0.9730 € per litre, used for offsets +302023-01-30: 0.9963 € per litre, used for offsets +602023-02-27: 0.8954 € 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
−302022-10-311.277+0.266+26.27%+5.43
−142022-11-211.068+0.056+5.58%+1.15
−72022-11-281.002-0.009-0.93%-0.19
−32022-11-281.002-0.009-0.93%-0.19
−12022-11-281.002-0.009-0.93%-0.19
T02022-12-05same print as T01.0120.0000.00%0.00
+12022-12-05same print as T01.0120.0000.00%0.00
+32022-12-05same print as T01.0120.0000.00%0.00
+72022-12-120.9074-0.104-10.31%-2.13
+142022-12-190.9826-0.029-2.87%-0.59
+302023-01-020.9730-0.039-3.83%-0.79
+602023-01-300.9963-0.015-1.52%-0.32
+902023-02-270.8954-0.116-11.49%-2.38

One volatility unit for this series is 4.84%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.9420.6882022-10-31: 0.9173 € per litre, used for offsets −302022-11-21: 0.8327 € per litre, used for offsets −142022-11-28: 0.7882 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.7865 € per litre, used for offsets T0, +1, +32022-12-12: 0.7122 € per litre, used for offsets +72022-12-19: 0.7156 € per litre, used for offsets +142023-01-02: 0.7612 € per litre, used for offsets +302023-01-30: 0.8241 € per litre, used for offsets +602023-02-27: 0.8043 € 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
−302022-10-310.9173+0.131+16.62%+3.33
−142022-11-210.8327+0.046+5.87%+1.18
−72022-11-280.7882+0.002+0.22%+0.04
−32022-11-280.7882+0.002+0.22%+0.04
−12022-11-280.7882+0.002+0.22%+0.04
T02022-12-05same print as T00.78650.0000.00%0.00
+12022-12-05same print as T00.78650.0000.00%0.00
+32022-12-05same print as T00.78650.0000.00%0.00
+72022-12-120.7122-0.074-9.45%-1.90
+142022-12-190.7156-0.071-9.02%-1.81
+302023-01-020.7612-0.025-3.23%-0.65
+602023-01-300.8241+0.038+4.77%+0.96
+902023-02-270.8043+0.018+2.25%+0.45

One volatility unit for this series is 4.99%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.7120.6332022-10-31: 0.7045 € per litre, used for offsets −302022-11-21: 0.6689 € per litre, used for offsets −142022-11-28: 0.6577 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.6593 € per litre, used for offsets T0, +1, +32022-12-12: 0.6416 € per litre, used for offsets +72022-12-19: 0.6544 € per litre, used for offsets +142023-01-02: 0.6530 € per litre, used for offsets +302023-01-30: 0.6568 € per litre, used for offsets +602023-02-27: 0.6406 € 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
−302022-10-310.7045+0.045+6.85%+3.80
−142022-11-210.6689+0.010+1.45%+0.81
−72022-11-280.6577-0.002-0.24%-0.13
−32022-11-280.6577-0.002-0.24%-0.13
−12022-11-280.6577-0.002-0.24%-0.13
T02022-12-05same print as T00.65930.0000.00%0.00
+12022-12-05same print as T00.65930.0000.00%0.00
+32022-12-05same print as T00.65930.0000.00%0.00
+72022-12-120.6416-0.018-2.69%-1.49
+142022-12-190.6544-0.005-0.75%-0.41
+302023-01-020.6530-0.006-0.96%-0.53
+602023-01-300.6568-0.003-0.39%-0.22
+902023-02-270.6406-0.019-2.84%-1.57

One volatility unit for this series is 1.81%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.7770.7342022-10-31: 0.7727 € per litre, used for offsets −302022-11-21: 0.7583 € per litre, used for offsets −142022-11-28: 0.7508 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.7505 € per litre, used for offsets T0, +1, +32022-12-12: 0.7378 € per litre, used for offsets +72022-12-19: 0.7384 € per litre, used for offsets +142023-01-02: 0.7459 € per litre, used for offsets +302023-01-30: 0.7559 € per litre, used for offsets +602023-02-27: 0.7528 € 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
−302022-10-310.7727+0.022+2.96%+2.09
−142022-11-210.7583+0.008+1.05%+0.74
−72022-11-280.7508+0.000+0.04%+0.03
−32022-11-280.7508+0.000+0.04%+0.03
−12022-11-280.7508+0.000+0.04%+0.03
T02022-12-05same print as T00.75050.0000.00%0.00
+12022-12-05same print as T00.75050.0000.00%0.00
+32022-12-05same print as T00.75050.0000.00%0.00
+72022-12-120.7378-0.013-1.68%-1.19
+142022-12-190.7384-0.012-1.61%-1.13
+302023-01-020.7459-0.005-0.62%-0.43
+602023-01-300.7559+0.005+0.73%+0.51
+902023-02-270.7528+0.002+0.30%+0.21

One volatility unit for this series is 1.42%, 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
T0−30T0+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
T0−30T0+30+60+9038.9011.122022-11-04: 36.21 $ per barrel, used for offsets −302022-11-21: 25.46 $ per barrel, used for offsets −142022-11-28: 21.75 $ per barrel, used for offsets −72022-12-02: 19.76 $ per barrel, used for offsets −3, −1same print as T0 — 2022-12-05, 19.67 $ per barrel, used for offsets T02022-12-06: 20.42 $ per barrel, used for offsets +12022-12-08: 14.66 $ per barrel, used for offsets +32022-12-12: 13.81 $ per barrel, used for offsets +72022-12-19: 13.89 $ per barrel, used for offsets +142023-01-04: 25.20 $ per barrel, used for offsets +302023-02-03: 24.34 $ per barrel, used for offsets +602023-03-03: 25.60 $ per barrel, used for offsets +90

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

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

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

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

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

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

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

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

Not available: licence-blocked

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

Arabian Gulf to north-west Europe dirty tanker rate

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

13 offsets in the window are affected.

EU refined-product benchmark

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

13 offsets in the window are affected.

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.

Not available: reason not classified

The API gave a reason code this page does not recognise. Its own sentence is shown unchanged below.

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

Neither the most recent three-year pass-through window nor the full sample has a COMPUTED estimate for this country and fuel, so there is no measured crude response to project. No substitute such as full pass-through is used.

13 offsets in the window are affected.

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

Neither the most recent three-year pass-through window nor the full sample has a COMPUTED estimate for this country and fuel, so there is no measured crude response to project. No substitute such as full pass-through is used.

13 offsets in the window are affected.

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

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

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

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

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

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

Dimensions of exposure to EU import ban on seaborne Russian crude oil (in force 5 December 2022), each with its status and one published figure.
DimensionStatusPublished figure, or why there is none
Direct crude exposure (D1)Share of imported crude whose route requires the Strait of Hormuz.Nothing published in the window
not published
Direct product exposure (D2)Share of imported refined product whose route requires the Strait of Hormuz.Observed
0 % of imported tonnes at +30 d (published 2023-01-01)
Emergency stock cover (D7)Days of cover the published emergency stocks amount to. A buffer against a supply disruption, not a share of imports, and not a price channel.Observed
93.00 days of cover at +30 d (published 2023-01-01)0.00% from the level at T0 = 0.00 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed
75.31 $ per barrel at +30 d (published 2023-01-04)-9.66% from the level at T0 = -2.14 volatility units
Refined-product benchmarkThe quoted product price refineries and wholesalers price against.UnavailableEU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.
Refining marginWhat refining a barrel into this product earned.UnavailableNo published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.
Freight ratesWhat it cost to ship the cargo.UnavailableTanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.
InventoriesStocks held, which absorb or amplify a supply change.Observed
752,586 tonnes at +30 d (published 2023-01-01)+1.55% from the level at T0 = +0.39 volatility units
Wholesale pricesThe price between the refinery gate and the forecourt.UnavailableWholesale / rack price series are proprietary with no redistribution grant.
Pump price before taxThe pump price with excise, VAT and other fuel taxes stripped out.Observed
0.9730 € per litre at +30 d (published 2023-01-02)-3.83% from the level at T0 = -0.79 volatility units
Pump price with taxWhat a driver actually paid.Observed
1.626 € per litre at +30 d (published 2023-01-02)-2.69% from the level at T0 = -0.83 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: Luxembourg, 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 'luxembourg'. 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), Luxembourg's pre-tax petrol price moved -9.5%, which is 1.9 times its normal week-to-week variation over the previous three years — within that range.

    about LuxembourgCalculatedOfficial
    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
    0.71217
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -4.154172216837235
    t0_value
    0.78653
    fuel_type
    EURO_SUPER_95
    change_pct
    -9.45418483719629
    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_LU_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.8962330388054027
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.07435999999999998
    change_pct_from_t0
    -9.45418483719629
    observation_gap_days
    0
    normal_volatility_pct
    4.98577160281538
    change_in_volatility_units
    -1.8962330388054027
    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
    0.71217
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -4.154172216837235
    t0_value
    0.78653
    fuel_type
    EURO_SUPER_95
    change_pct
    -9.45418483719629
    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_LU_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.8962330388054027
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.07435999999999998
    change_pct_from_t0
    -9.45418483719629
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.98577160281538
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.8962330388054027

    Template event.price_move.within_normal v1.1 · Fingerprint 81a83aced016841ad0bfb10c5e5ef513c976d16a0b9c59237315b93a5e056509 · 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), Luxembourg's pre-tax petrol price moved -3.2%, which is 0.6 times its normal week-to-week variation over the previous three years — within that range.

    about LuxembourgCalculatedOfficial
    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
    0.76115
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.0955076737949656
    t0_value
    0.78653
    fuel_type
    EURO_SUPER_95
    change_pct
    -3.2268317800973847
    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_LU_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -0.6472081028090513
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.025379999999999958
    change_pct_from_t0
    -3.2268317800973847
    observation_gap_days
    2
    normal_volatility_pct
    4.98577160281538
    change_in_volatility_units
    -0.6472081028090513
    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
    0.76115
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.0955076737949656
    t0_value
    0.78653
    fuel_type
    EURO_SUPER_95
    change_pct
    -3.2268317800973847
    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_LU_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -0.6472081028090513
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.025379999999999958
    change_pct_from_t0
    -3.2268317800973847
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    4.98577160281538
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.6472081028090513

    Template event.price_move.within_normal v1.1 · Fingerprint 2f7eadd4409e9b97cdc7e9733adecf691f8a357296a7cfbf53a07936d586c795 · 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), Luxembourg's pre-tax petrol price moved +2.3%, which is 0.5 times its normal week-to-week variation over the previous three years — within that range.

    about LuxembourgCalculatedOfficial
    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
    0.80425
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -2.1639347500480928
    t0_value
    0.78653
    fuel_type
    EURO_SUPER_95
    change_pct
    2.2529337723926703
    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_LU_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    0.4518726391558886
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.01772000000000007
    change_pct_from_t0
    2.2529337723926703
    observation_gap_days
    6
    normal_volatility_pct
    4.98577160281538
    change_in_volatility_units
    0.4518726391558886
    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
    0.80425
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -2.1639347500480928
    t0_value
    0.78653
    fuel_type
    EURO_SUPER_95
    change_pct
    2.2529337723926703
    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_LU_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    0.4518726391558886
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.01772000000000007
    change_pct_from_t0
    2.2529337723926703
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    4.98577160281538
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.4518726391558886

    Template event.price_move.within_normal v1.1 · Fingerprint fc65e18679d79946234a0fe763fd4167b213d7299cefcc05ddc392d852dce036 · 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), Luxembourg's tax-inclusive petrol price moved -5.7%, which is 2.2 times its normal week-to-week variation over the previous three years — outside that range.

    about LuxembourgCalculatedOfficial
    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
    1.45
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -4.1540998341196
    t0_value
    1.537
    fuel_type
    EURO_SUPER_95
    change_pct
    -5.660377358490564
    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_LU_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -2.151875230222411
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08699999999999997
    change_pct_from_t0
    -5.660377358490564
    observation_gap_days
    0
    normal_volatility_pct
    2.6304393856076524
    change_in_volatility_units
    -2.151875230222411
    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
    1.45
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -4.1540998341196
    t0_value
    1.537
    fuel_type
    EURO_SUPER_95
    change_pct
    -5.660377358490564
    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_LU_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -2.151875230222411
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08699999999999997
    change_pct_from_t0
    -5.660377358490564
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    2.6304393856076524
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.151875230222411

    Template event.price_move.outside_normal v1.1 · Fingerprint 6fa2218e74077d063b44e168c4fc909f724a03b59677bfa503f6abf31c04c1f5 · 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), Luxembourg's tax-inclusive petrol price moved -2.0%, which is 0.7 times its normal week-to-week variation over the previous three years — within that range.

    about LuxembourgCalculatedOfficial
    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
    1.5070000000000001
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.1011429000681594
    t0_value
    1.537
    fuel_type
    EURO_SUPER_95
    change_pct
    -1.9518542615484584
    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_LU_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -0.7420259414559992
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.029999999999999805
    change_pct_from_t0
    -1.9518542615484584
    observation_gap_days
    2
    normal_volatility_pct
    2.6304393856076524
    change_in_volatility_units
    -0.7420259414559992
    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
    1.5070000000000001
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.1011429000681594
    t0_value
    1.537
    fuel_type
    EURO_SUPER_95
    change_pct
    -1.9518542615484584
    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_LU_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -0.7420259414559992
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.029999999999999805
    change_pct_from_t0
    -1.9518542615484584
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.6304393856076524
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.7420259414559992

    Template event.price_move.within_normal v1.1 · Fingerprint 7494921d0d0457d61271a3f5233735664d268695d7a83a3a628172edba37660d · 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), Luxembourg's tax-inclusive petrol price moved +1.3%, which is 0.5 times its normal week-to-week variation over the previous three years — within that range.

    about LuxembourgCalculatedOfficial
    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
    1.557
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -2.1774964666897088
    t0_value
    1.537
    fuel_type
    EURO_SUPER_95
    change_pct
    1.3012361743656486
    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_LU_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    0.4946839609706698
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.020000000000000018
    change_pct_from_t0
    1.3012361743656486
    observation_gap_days
    6
    normal_volatility_pct
    2.6304393856076524
    change_in_volatility_units
    0.4946839609706698
    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
    1.557
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -2.1774964666897088
    t0_value
    1.537
    fuel_type
    EURO_SUPER_95
    change_pct
    1.3012361743656486
    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_LU_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    0.4946839609706698
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.020000000000000018
    change_pct_from_t0
    1.3012361743656486
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    2.6304393856076524
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.4946839609706698

    Template event.price_move.within_normal v1.1 · Fingerprint 3b4d10ebceb8ab6bcb8de1a38cb8d391c78a4fac6f784f64de5ba0caf0ef6dbc · 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), Luxembourg's pre-tax diesel price moved -10.3%, which is 2.1 times its normal week-to-week variation over the previous three years — outside that range.

    about LuxembourgCalculatedOfficial
    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
    0.90739
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.668915810319475
    t0_value
    1.01167
    fuel_type
    DIESEL
    change_pct
    -10.307709035555076
    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_LU_DIESEL
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -2.1316794696952592
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.10428000000000004
    change_pct_from_t0
    -10.307709035555076
    observation_gap_days
    0
    normal_volatility_pct
    4.835487315092755
    change_in_volatility_units
    -2.1316794696952592
    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
    0.90739
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.668915810319475
    t0_value
    1.01167
    fuel_type
    DIESEL
    change_pct
    -10.307709035555076
    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_LU_DIESEL
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -2.1316794696952592
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.10428000000000004
    change_pct_from_t0
    -10.307709035555076
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.835487315092755
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.1316794696952592

    Template event.price_move.outside_normal v1.1 · Fingerprint 0247de6c5c705b2dee0369224bd4a6596fb2506be4e627a7a1331c68a6d611f6 · 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), Luxembourg's pre-tax diesel price moved -3.8%, which is 0.8 times its normal week-to-week variation over the previous three years — within that range.

    about LuxembourgCalculatedOfficial
    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
    0.97297
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -2.8997655770697848
    t0_value
    1.01167
    fuel_type
    DIESEL
    change_pct
    -3.825358071307844
    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_LU_DIESEL
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -0.7911008388684948
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.03870000000000007
    change_pct_from_t0
    -3.825358071307844
    observation_gap_days
    2
    normal_volatility_pct
    4.835487315092755
    change_in_volatility_units
    -0.7911008388684948
    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
    0.97297
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -2.8997655770697848
    t0_value
    1.01167
    fuel_type
    DIESEL
    change_pct
    -3.825358071307844
    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_LU_DIESEL
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -0.7911008388684948
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.03870000000000007
    change_pct_from_t0
    -3.825358071307844
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    4.835487315092755
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.7911008388684948

    Template event.price_move.within_normal v1.1 · Fingerprint a48218f48a91cac6fa26f9d342c963fca6f4adc6a7cbf9c69db60507ee31fd50 · 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), Luxembourg's pre-tax diesel price moved -11.5%, which is 2.4 times its normal week-to-week variation over the previous three years — outside that range.

    about LuxembourgCalculatedOfficial
    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
    0.89539
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.809656932597552
    t0_value
    1.01167
    fuel_type
    DIESEL
    change_pct
    -11.49386657704588
    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_LU_DIESEL
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.3769820553909162
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.11628000000000005
    change_pct_from_t0
    -11.49386657704588
    observation_gap_days
    6
    normal_volatility_pct
    4.835487315092755
    change_in_volatility_units
    -2.3769820553909162
    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
    0.89539
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.809656932597552
    t0_value
    1.01167
    fuel_type
    DIESEL
    change_pct
    -11.49386657704588
    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_LU_DIESEL
    series_kind
    pre-tax
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.3769820553909162
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.11628000000000005
    change_pct_from_t0
    -11.49386657704588
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    4.835487315092755
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.3769820553909162

    Template event.price_move.outside_normal v1.1 · Fingerprint c2c4824563eb5a00a65c9f73ac2cb54a4c642212940cdd1f7e48595ce6cde86a · 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), Luxembourg's tax-inclusive diesel price moved -7.3%, which is 2.3 times its normal week-to-week variation over the previous three years — outside that range.

    about LuxembourgCalculatedOfficial
    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
    1.549
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.6688684150000452
    t0_value
    1.671
    fuel_type
    DIESEL
    change_pct
    -7.301017354877325
    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_LU_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -2.2612637359731953
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.12200000000000011
    change_pct_from_t0
    -7.301017354877325
    observation_gap_days
    0
    normal_volatility_pct
    3.2287332250234564
    change_in_volatility_units
    -2.2612637359731953
    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
    1.549
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.6688684150000452
    t0_value
    1.671
    fuel_type
    DIESEL
    change_pct
    -7.301017354877325
    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_LU_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -2.2612637359731953
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.12200000000000011
    change_pct_from_t0
    -7.301017354877325
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    3.2287332250234564
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.2612637359731953

    Template event.price_move.outside_normal v1.1 · Fingerprint 648ba295cdb2a78736073d8477de9e157ea224454e73b1f5aaf66bc82842bd69 · 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), Luxembourg's tax-inclusive diesel price moved -2.7%, which is 0.8 times its normal week-to-week variation over the previous three years — within that range.

    about LuxembourgCalculatedOfficial
    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
    1.6260000000000001
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -2.8970026555601436
    t0_value
    1.671
    fuel_type
    DIESEL
    change_pct
    -2.6929982046678593
    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_LU_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -0.8340726894983078
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.04499999999999993
    change_pct_from_t0
    -2.6929982046678593
    observation_gap_days
    2
    normal_volatility_pct
    3.2287332250234564
    change_in_volatility_units
    -0.8340726894983078
    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
    1.6260000000000001
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -2.8970026555601436
    t0_value
    1.671
    fuel_type
    DIESEL
    change_pct
    -2.6929982046678593
    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_LU_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -0.8340726894983078
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.04499999999999993
    change_pct_from_t0
    -2.6929982046678593
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    3.2287332250234564
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.8340726894983078

    Template event.price_move.within_normal v1.1 · Fingerprint 9588388dcc67282ab8b8cdae9fa3232d488972e409246eda7def771a969bc56b · 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), Luxembourg's tax-inclusive diesel price moved -8.1%, which is 2.5 times its normal week-to-week variation over the previous three years — outside that range.

    about LuxembourgCalculatedOfficial
    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
    1.536
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.7991834133470404
    t0_value
    1.671
    fuel_type
    DIESEL
    change_pct
    -8.07899461400359
    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_LU_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.5022180684949276
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.135
    change_pct_from_t0
    -8.07899461400359
    observation_gap_days
    6
    normal_volatility_pct
    3.2287332250234564
    change_in_volatility_units
    -2.5022180684949276
    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
    1.536
    status
    OBSERVED
    country
    Luxembourg
    z_score
    -3.7991834133470404
    t0_value
    1.671
    fuel_type
    DIESEL
    change_pct
    -8.07899461400359
    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_LU_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.5022180684949276
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.135
    change_pct_from_t0
    -8.07899461400359
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    3.2287332250234564
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.5022180684949276

    Template event.price_move.outside_normal v1.1 · Fingerprint f77675520afdad538368bee96435b6e1afff31499e16fb979c8b7be1916dc72d · 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 Luxembourg's pre-tax petrol price by -3.2 c/L (range -4.2–-2.2); it actually moved -2.5 c/L, leaving +0.6 c/L not explained by crude.

    about LuxembourgCalculatedMedium
    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
    Luxembourg
    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_LU_EURO_SUPER_95
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    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
    0.006347716789107671
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    actual_eur_per_litre
    -0.025379999999999958
    expected_eur_per_litre
    -0.03172771678910763
    proxy_volatility_units
    0.2070376188168671
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    7.428000000000001
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    expected_low_eur_per_litre
    -0.04153492108318282
    expected_high_eur_per_litre
    -0.021920512495032508
    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
    Luxembourg
    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_LU_EURO_SUPER_95
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    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
    0.006347716789107671
    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
    -0.025379999999999958
    expected_eur_per_litre
    -0.03172771678910763
    proxy_volatility_units
    0.2070376188168671
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    7.428000000000001
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    -0.04153492108318282
    expected_high_eur_per_litre
    -0.021920512495032508
    proxy_normal_volatility_pct
    182.43434263983826

    Template event.crude_only.computed v1.1 · Fingerprint 8d61a23fc3b30328e1a2700e125d245c60bc8bfe65d55734cd5f99d745ed5a74 · 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 Luxembourg's pre-tax petrol price by -2.5 c/L (range -5.7–+0.8); it actually moved +1.8 c/L, leaving +4.2 c/L not explained by crude.

    about LuxembourgCalculatedMedium
    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
    Luxembourg
    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_LU_EURO_SUPER_95
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    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
    0.042473283285724237
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-12-05
    actual_eur_per_litre
    0.01772000000000007
    expected_eur_per_litre
    -0.024753283285724164
    proxy_volatility_units
    0.15391245706875872
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    5.5219999999999985
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    expected_low_eur_per_litre
    -0.05724947180850713
    expected_high_eur_per_litre
    0.007742905237058791
    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
    Luxembourg
    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_LU_EURO_SUPER_95
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    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
    0.042473283285724237
    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
    0.01772000000000007
    expected_eur_per_litre
    -0.024753283285724164
    proxy_volatility_units
    0.15391245706875872
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    5.5219999999999985
    pass_through_sample_start
    2005-01-03
    pass_through_window_label
    FULL_SAMPLE
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    -0.05724947180850713
    expected_high_eur_per_litre
    0.007742905237058791
    proxy_normal_volatility_pct
    182.43434263983826

    Template event.crude_only.computed v1.1 · Fingerprint 1b7d961e621f28c038053810434b09047789a6e2ac8d1ed63ec720b650bdde09 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  15. What crude costs alone would have done to Luxembourg's pre-tax diesel price over the 4 weeks after EU import ban on seaborne Russian crude oil (in force 5 December 2022) is UNKNOWN: Neither the most recent three-year pass-through window nor the full sample has a COMPUTED estimate for this country and fuel (docs/PRICE_MODEL.md §4.5), so there is no measured crude response to project. No substitute such as full pass-through is used (docs/PRICE_MODEL.md §7.2).

    about LuxembourgUnknownUnknown
    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
    UNKNOWN
    country
    Luxembourg
    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
    reason_code
    NO_COMPUTED_PASS_THROUGH_ESTIMATE
    series_code
    CRUDE_ONLY_EXPECTED_LU_DIESEL
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    proxy_product
    null
    gap_eur_per_litre
    null
    actual_eur_per_litre
    null
    expected_eur_per_litre
    null
    proxy_volatility_units
    null
    proxy_change_usd_per_bbl
    null
    pass_through_window_label
    null
    expected_low_eur_per_litre
    null
    expected_high_eur_per_litre
    null
    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
    UNKNOWN
    country
    Luxembourg
    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"]
    reason_code
    NO_COMPUTED_PASS_THROUGH_ESTIMATE
    series_code
    CRUDE_ONLY_EXPECTED_LU_DIESEL
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    proxy_product
    null
    statement_topic
    event
    gap_eur_per_litre
    null
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    null
    expected_eur_per_litre
    null
    proxy_volatility_units
    null
    proxy_change_usd_per_bbl
    null
    pass_through_window_label
    null
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    null
    expected_high_eur_per_litre
    null

    Template event.crude_only.unknown v1.1 · Fingerprint 64a353b7318444a3a687fc6550859b2dc384df321739b5a0f41c1100819346be · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about LuxembourgUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Luxembourg
    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
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    value_max_pct
    null
    value_min_pct
    null
    exposure_status
    UNKNOWN
    value_point_pct
    null
    observation_date
    2022-12-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Luxembourg
    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
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    value_max_pct
    null
    value_min_pct
    null
    exposure_status
    UNKNOWN
    statement_topic
    hormuz
    value_point_pct
    null
    observation_date
    2022-12-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.unknown v1.1 · Fingerprint 7403afbb13ea37f4d056ec5f815a37baccc7e3655760c434ee5840aa92889230 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about LuxembourgCalculatedLow
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-12
    status
    OBSERVED
    country
    Luxembourg
    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
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    value_point_pct
    0
    observation_date
    2022-12-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-12
    status
    OBSERVED
    country
    Luxembourg
    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
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    statement_topic
    hormuz
    value_point_pct
    0
    observation_date
    2022-12-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.point v1.1 · Fingerprint 75621f9b585e7a6eba6a2a59e923f871bb3ef47f39219e00c247af3abab8af5f · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about LuxembourgUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    country
    Luxembourg
    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
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    partner_role
    ORIGIN
    value_tonnes
    0
    baseline_months
    12
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    0
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no cut-off
    min_baseline_months
    6
    baseline_months_used
    12
    supply_reduction_pct
    -10
    supply_baseline_months
    12
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    country
    Luxembourg
    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
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    partner_role
    ORIGIN
    value_tonnes
    0
    baseline_months
    12
    statement_topic
    event
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    baseline_mean_tonnes
    0
    study_calculation_version
    event_study-1.0

    Template event.supply.unknown v1.1 · Fingerprint 7295475e7d97d4663c97de279e2a577156de3eb85dd40d24547d56d853d0063c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. In 2022-12, Luxembourg's oil stocks stood 1.8% above their trailing 12-month mean — inside the 5% either side that this site reads as in line with it, with 93.0 days of cover (as published).

    about LuxembourgCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    status
    OBSERVED
    country
    Luxembourg
    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_LU
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    days_of_cover
    93
    metric_status
    COMPUTED
    mom_change_pct
    -2.1681247120541873
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    741097
    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
    728176.9166666666
    level_vs_trailing_12m_pct
    1.7743055344952228
    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
    1.7743055344952228
    level_vs_trailing_12m_pct_shown
    1.8
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    status
    OBSERVED
    country
    Luxembourg
    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_LU
    country_iso2
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    days_of_cover
    93
    metric_status
    COMPUTED
    mom_change_pct
    -2.1681247120541873
    statement_topic
    event
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    741097
    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
    728176.9166666666
    level_vs_trailing_12m_pct
    1.7743055344952228
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.in_line v1.1 · Fingerprint 89bc11578c4c84433d7ed86e2ce2bbad5988838d09db8a4453e0e41b23ff6438 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  20. Summary of what can be checked here

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

    about LuxembourgUnknownUnknown
    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
    Luxembourg
    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
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    dependence_band
    null
    dependence_range
    null
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.unknown
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    Thresholds
    source
    v1 choice of this module; the channel list is docs/PRICE_MODEL.md §2.3
    channels_total
    8
    channels_available
    4
    verdict_partial_min_channels
    3
    verdict_assessable_min_channels
    8
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    country
    Luxembourg
    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
    LU
    country_name
    Luxembourg
    country_slug
    luxembourg
    dependence_band
    null
    statement_topic
    event
    dependence_range
    null
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.unknown
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    study_calculation_version
    event_study-1.0

    Template event.verdict.partial v1.1 · Fingerprint ed4f9c238fd2c3a08eb13ab30ac5a18deb27bd5804bc601da2c7ed624c0f1591 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  21. 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

  22. 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

  23. 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

  24. 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

  25. 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

  26. 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

  27. 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.

Luxembourg: 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.