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.

Spain, all fuels in this run. 18 series can be drawn; 11 cannot be seen at all and are shown as labelled empty panels below.

208 published readings, 26 offsets with nothing published within one period, and 143 offsets on series we cannot see at all. Every one of them is on this page.

Europe Brent spot FOB

Unit: $ per barrelPublished: dailyCalculatedOfficial
T0−30−14T0+14+30+60+90102.472.42022-11-04: 99.53 $ per barrel, used for offsets −302022-11-21: 88.44 $ per barrel, used for offsets −142022-11-28: 83.50 $ per barrel, used for offsets −72022-12-02: 86.54 $ per barrel, used for offsets −3, −1same print as T0 — 2022-12-05, 83.36 $ per barrel, used for offsets T02022-12-06: 79.92 $ per barrel, used for offsets +12022-12-08: 76.02 $ per barrel, used for offsets +32022-12-12: 78.00 $ per barrel, used for offsets +72022-12-19: 81.66 $ per barrel, used for offsets +142023-01-04: 75.31 $ per barrel, used for offsets +302023-02-03: 78.85 $ per barrel, used for offsets +602023-03-03: 85.74 $ per barrel, used for offsets +90

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

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

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

reported crude oil imports, all origins

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30−14T0+14+30+60+905,608,2914,358,1102022-11-01: 4,479,095 tonnes, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 5,373,615 tonnes, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 5,487,306 tonnes, used for offsets +302023-02-01: 4,673,432 tonnes, used for offsets +602023-03-01: 4,692,058 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
−302022-11-014,479,095-894,520-16.65%-1.54
−142022-11-014,479,095-894,520-16.65%-1.54
−72022-11-014,479,095-894,520-16.65%-1.54
−32022-12-01same print as T05,373,6150.0000.00%0.00
−12022-12-01same print as T05,373,6150.0000.00%0.00
T02022-12-01same print as T05,373,6150.0000.00%0.00
+12022-12-01same print as T05,373,6150.0000.00%0.00
+32022-12-01same print as T05,373,6150.0000.00%0.00
+72022-12-01same print as T05,373,6150.0000.00%0.00
+142022-12-01same print as T05,373,6150.0000.00%0.00
+302023-01-015,487,306+113,691+2.12%+0.20
+602023-02-014,673,432-700,183-13.03%-1.21
+902023-03-014,692,058-681,557-12.68%-1.17

One volatility unit for this series is 10.81%, 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.

ECB euro foreign exchange reference rate

Unit: US dollars per euroPublished: dailyCalculatedOfficial
T0−30−14T0+14+30+60+901.1060.9742022-11-04: 0.9872 US dollars per euro, used for offsets −302022-11-21: 1.025 US dollars per euro, used for offsets −142022-11-28: 1.046 US dollars per euro, used for offsets −72022-12-02: 1.054 US dollars per euro, used for offsets −3, −1same print as T0 — 2022-12-05, 1.059 US dollars per euro, used for offsets T02022-12-06: 1.052 US dollars per euro, used for offsets +12022-12-08: 1.052 US dollars per euro, used for offsets +32022-12-12: 1.056 US dollars per euro, used for offsets +72022-12-19: 1.060 US dollars per euro, used for offsets +142023-01-04: 1.060 US dollars per euro, used for offsets +302023-02-03: 1.094 US dollars per euro, used for offsets +602023-03-03: 1.062 US dollars per euro, used for offsets +90

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

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

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

direct crude Hormuz exposure D1

Unit: % of imported tonnesPublished: monthlyUnknownUnknown
T0−30−14T0+14+30+60+9016.450.972022-11-01: 8.922 to 14.95 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-12-01: 5.066 to 8.677 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-01-01: 2.472 to 10.43 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-02-01: 8.529 to 14.59 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-03-01: 5.717 to 13.24 % of imported tonnes. No point estimate is published, so no midpoint is drawn.

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits. The shaded band is the admissible range. No midpoint is drawn, because no point estimate is published.

Window table for direct crude Hormuz exposure D1: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-018.922–14.95not publishednot publishednot published
−142022-11-018.922–14.95not publishednot publishednot published
−72022-11-018.922–14.95not publishednot publishednot published
−32022-12-015.066–8.677not publishednot publishednot published
−12022-12-015.066–8.677not publishednot publishednot published
T02022-12-015.066–8.677not publishednot publishednot published
+12022-12-015.066–8.677not publishednot publishednot published
+32022-12-015.066–8.677not publishednot publishednot published
+72022-12-015.066–8.677not publishednot publishednot published
+142022-12-015.066–8.677not publishednot publishednot published
+302023-01-012.472–10.43not publishednot publishednot published
+602023-02-018.529–14.59not publishednot publishednot published
+902023-03-015.717–13.24not publishednot publishednot published

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

direct refined-product Hormuz exposure D2

Unit: % of imported tonnesPublished: monthlyUnknownUnknown
T0−30−14T0+14+30+60+907.7930.0002022-11-01: 0 to 6.165 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-12-01: 0 to 5.809 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-01-01: 0 to 4.077 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-02-01: 0 to 1.960 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-03-01: 0 to 6.958 % of imported tonnes. No point estimate is published, so no midpoint is drawn.

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits. The shaded band is the admissible range. No midpoint is drawn, because no point estimate is published.

Window table for direct refined-product Hormuz exposure D2: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-010–6.165not publishednot publishednot published
−142022-11-010–6.165not publishednot publishednot published
−72022-11-010–6.165not publishednot publishednot published
−32022-12-010–5.809not publishednot publishednot published
−12022-12-010–5.809not publishednot publishednot published
T02022-12-010–5.809not publishednot publishednot published
+12022-12-010–5.809not publishednot publishednot published
+32022-12-010–5.809not publishednot publishednot published
+72022-12-010–5.809not publishednot publishednot published
+142022-12-010–5.809not publishednot publishednot published
+302023-01-010–4.077not publishednot publishednot published
+602023-02-010–1.960not publishednot publishednot published
+902023-03-010–6.958not publishednot publishednot published

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

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

Unit: days of coverPublished: monthlyCalculatedOfficial
T0−30−14T0+14+30+60+90115.899.42022-11-01: 101.0 days of cover, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 102.0 days of cover, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 112.1 days of cover, used for offsets +302023-02-01: 114.2 days of cover, used for offsets +602023-03-01: 108.4 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
−302022-11-01101.0-1.000-0.98%-0.17
−142022-11-01101.0-1.000-0.98%-0.17
−72022-11-01101.0-1.000-0.98%-0.17
−32022-12-01same print as T0102.00.0000.00%0.00
−12022-12-01same print as T0102.00.0000.00%0.00
T02022-12-01same print as T0102.00.0000.00%0.00
+12022-12-01same print as T0102.00.0000.00%0.00
+32022-12-01same print as T0102.00.0000.00%0.00
+72022-12-01same print as T0102.00.0000.00%0.00
+142022-12-01same print as T0102.00.0000.00%0.00
+302023-01-01112.1+10.075+9.88%+1.74
+602023-02-01114.2+12.235+12.00%+2.11
+902023-03-01108.4+6.366+6.24%+1.10

One volatility unit for this series is 5.69%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+900.6280.4422022-10-31: 0.6104 € per litre, used for offsets −302022-11-21: 0.5263 € per litre, used for offsets −142022-11-28: 0.5123 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.4687 € per litre, used for offsets T0, +1, +32022-12-12: 0.4798 € per litre, used for offsets +72022-12-19: 0.4779 € per litre, used for offsets +142023-01-02: 0.4598 € per litre, used for offsets +302023-01-30: 0.4720 € per litre, used for offsets +602023-02-27: 0.4954 € per litre, used for offsets +90

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

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

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

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+900.6280.4422022-10-31: 0.6104 € per litre, used for offsets −302022-11-21: 0.5263 € per litre, used for offsets −142022-11-28: 0.5123 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.4687 € per litre, used for offsets T0, +1, +32022-12-12: 0.4798 € per litre, used for offsets +72022-12-19: 0.4779 € per litre, used for offsets +142023-01-02: 0.4598 € per litre, used for offsets +302023-01-30: 0.4720 € per litre, used for offsets +602023-02-27: 0.4954 € per litre, used for offsets +90

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

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

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

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

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30−14T0+14+30+60+9015,660,80814,582,9792022-11-01: 14,687,285 tonnes, used for offsets −30, −14, −7same print as T0 — 2022-12-01, 14,773,285 tonnes, used for offsets −3, −1, T0, +1, +3, +7, +142023-01-01: 15,145,452 tonnes, used for offsets +302023-02-01: 15,556,502 tonnes, used for offsets +602023-03-01: 14,727,397 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
−302022-11-0114,687,285-86,000-0.58%-0.16
−142022-11-0114,687,285-86,000-0.58%-0.16
−72022-11-0114,687,285-86,000-0.58%-0.16
−32022-12-01same print as T014,773,2850.0000.00%0.00
−12022-12-01same print as T014,773,2850.0000.00%0.00
T02022-12-01same print as T014,773,2850.0000.00%0.00
+12022-12-01same print as T014,773,2850.0000.00%0.00
+32022-12-01same print as T014,773,2850.0000.00%0.00
+72022-12-01same print as T014,773,2850.0000.00%0.00
+142022-12-01same print as T014,773,2850.0000.00%0.00
+302023-01-0115,145,452+372,167+2.52%+0.70
+602023-02-0115,556,502+783,217+5.30%+1.47
+902023-03-0114,727,397-45,888-0.31%-0.09

One volatility unit for this series is 3.61%, 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.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+902.0171.5432022-10-31: 1.971 € per litre, used for offsets −302022-11-21: 1.877 € per litre, used for offsets −142022-11-28: 1.822 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.764 € per litre, used for offsets T0, +1, +32022-12-12: 1.711 € per litre, used for offsets +72022-12-19: 1.662 € per litre, used for offsets +142023-01-02: 1.661 € per litre, used for offsets +302023-01-30: 1.704 € per litre, used for offsets +602023-02-27: 1.589 € 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
−302022-10-311.971+0.207+11.76%+5.99
−142022-11-211.877+0.113+6.40%+3.26
−72022-11-281.822+0.058+3.27%+1.66
−32022-11-281.822+0.058+3.27%+1.66
−12022-11-281.822+0.058+3.27%+1.66
T02022-12-05same print as T01.7640.0000.00%0.00
+12022-12-05same print as T01.7640.0000.00%0.00
+32022-12-05same print as T01.7640.0000.00%0.00
+72022-12-121.711-0.053-3.00%-1.53
+142022-12-191.662-0.102-5.79%-2.95
+302023-01-021.661-0.103-5.85%-2.98
+602023-01-301.704-0.060-3.40%-1.73
+902023-02-271.589-0.175-9.91%-5.05

One volatility unit for this series is 1.96%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+901.7861.5622022-10-31: 1.760 € per litre, used for offsets −302022-11-21: 1.765 € per litre, used for offsets −142022-11-28: 1.731 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.688 € per litre, used for offsets T0, +1, +32022-12-12: 1.642 € per litre, used for offsets +72022-12-19: 1.591 € per litre, used for offsets +142023-01-02: 1.584 € per litre, used for offsets +302023-01-30: 1.661 € per litre, used for offsets +602023-02-27: 1.632 € 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
−302022-10-311.760+0.072+4.24%+2.77
−142022-11-211.765+0.077+4.54%+2.96
−72022-11-281.731+0.043+2.52%+1.64
−32022-11-281.731+0.043+2.52%+1.64
−12022-11-281.731+0.043+2.52%+1.64
T02022-12-05same print as T01.6880.0000.00%0.00
+12022-12-05same print as T01.6880.0000.00%0.00
+32022-12-05same print as T01.6880.0000.00%0.00
+72022-12-121.642-0.046-2.71%-1.77
+142022-12-191.591-0.097-5.77%-3.76
+302023-01-021.584-0.104-6.17%-4.03
+602023-01-301.661-0.027-1.61%-1.05
+902023-02-271.632-0.056-3.31%-2.16

One volatility unit for this series is 1.53%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+901.2880.8962022-10-31: 1.250 € per litre, used for offsets −302022-11-21: 1.172 € per litre, used for offsets −142022-11-28: 1.126 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 1.079 € per litre, used for offsets T0, +1, +32022-12-12: 1.035 € per litre, used for offsets +72022-12-19: 0.9944 € per litre, used for offsets +142023-01-02: 0.9936 € per litre, used for offsets +302023-01-30: 1.029 € per litre, used for offsets +602023-02-27: 0.9343 € 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
−302022-10-311.250+0.171+15.89%+5.62
−142022-11-211.172+0.093+8.64%+3.06
−72022-11-281.126+0.048+4.41%+1.56
−32022-11-281.126+0.048+4.41%+1.56
−12022-11-281.126+0.048+4.41%+1.56
T02022-12-05same print as T01.0790.0000.00%0.00
+12022-12-05same print as T01.0790.0000.00%0.00
+32022-12-05same print as T01.0790.0000.00%0.00
+72022-12-121.035-0.044-4.06%-1.44
+142022-12-190.9944-0.084-7.83%-2.77
+302023-01-020.9936-0.085-7.90%-2.79
+602023-01-301.029-0.050-4.59%-1.62
+902023-02-270.9343-0.145-13.40%-4.74

One volatility unit for this series is 2.83%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+901.0040.8182022-10-31: 0.9816 € per litre, used for offsets −302022-11-21: 0.9857 € per litre, used for offsets −142022-11-28: 0.9575 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.9224 € per litre, used for offsets T0, +1, +32022-12-12: 0.8845 € per litre, used for offsets +72022-12-19: 0.8419 € per litre, used for offsets +142023-01-02: 0.8363 € per litre, used for offsets +302023-01-30: 0.8999 € per litre, used for offsets +602023-02-27: 0.8762 € per litre, used for offsets +90

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

Window table for Weekly Oil Bulletin price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-10-310.9816+0.059+6.42%+2.63
−142022-11-210.9857+0.063+6.87%+2.81
−72022-11-280.9575+0.035+3.81%+1.56
−32022-11-280.9575+0.035+3.81%+1.56
−12022-11-280.9575+0.035+3.81%+1.56
T02022-12-05same print as T00.92240.0000.00%0.00
+12022-12-05same print as T00.92240.0000.00%0.00
+32022-12-05same print as T00.92240.0000.00%0.00
+72022-12-120.8845-0.038-4.11%-1.68
+142022-12-190.8419-0.080-8.72%-3.57
+302023-01-020.8363-0.086-9.33%-3.82
+602023-01-300.8999-0.022-2.43%-0.99
+902023-02-270.8762-0.046-5.00%-2.04

One volatility unit for this series is 2.45%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+900.7290.6472022-10-31: 0.7212 € per litre, used for offsets −302022-11-21: 0.7047 € per litre, used for offsets −142022-11-28: 0.6951 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.6851 € per litre, used for offsets T0, +1, +32022-12-12: 0.6760 € per litre, used for offsets +72022-12-19: 0.6674 € per litre, used for offsets +142023-01-02: 0.6672 € per litre, used for offsets +302023-01-30: 0.6747 € per litre, used for offsets +602023-02-27: 0.6548 € 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
−302022-10-310.7212+0.036+5.26%+6.34
−142022-11-210.7047+0.020+2.86%+3.45
−72022-11-280.6951+0.010+1.46%+1.76
−32022-11-280.6951+0.010+1.46%+1.76
−12022-11-280.6951+0.010+1.46%+1.76
T02022-12-05same print as T00.68510.0000.00%0.00
+12022-12-05same print as T00.68510.0000.00%0.00
+32022-12-05same print as T00.68510.0000.00%0.00
+72022-12-120.6760-0.009-1.34%-1.62
+142022-12-190.6674-0.018-2.59%-3.13
+302023-01-020.6672-0.018-2.61%-3.15
+602023-01-300.6747-0.010-1.52%-1.83
+902023-02-270.6548-0.030-4.43%-5.35

One volatility unit for this series is 0.83%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+900.7830.7442022-10-31: 0.7781 € per litre, used for offsets −302022-11-21: 0.7790 € per litre, used for offsets −142022-11-28: 0.7730 € per litre, used for offsets −7, −3, −1same print as T0 — 2022-12-05, 0.7657 € per litre, used for offsets T0, +1, +32022-12-12: 0.7577 € per litre, used for offsets +72022-12-19: 0.7488 € per litre, used for offsets +142023-01-02: 0.7476 € per litre, used for offsets +302023-01-30: 0.7609 € per litre, used for offsets +602023-02-27: 0.7560 € 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
−302022-10-310.7781+0.012+1.62%+2.82
−142022-11-210.7790+0.013+1.74%+3.02
−72022-11-280.7730+0.007+0.96%+1.68
−32022-11-280.7730+0.007+0.96%+1.68
−12022-11-280.7730+0.007+0.96%+1.68
T02022-12-05same print as T00.76570.0000.00%0.00
+12022-12-05same print as T00.76570.0000.00%0.00
+32022-12-05same print as T00.76570.0000.00%0.00
+72022-12-120.7577-0.008-1.04%-1.81
+142022-12-190.7488-0.017-2.21%-3.84
+302023-01-020.7476-0.018-2.36%-4.11
+602023-01-300.7609-0.005-0.62%-1.07
+902023-02-270.7560-0.010-1.27%-2.20

One volatility unit for this series is 0.58%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

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

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30−14T0+14+30+60+90109.929.12022-11-04: 102.1 $ per barrel, used for offsets −302022-11-21: 61.92 $ per barrel, used for offsets −142022-11-28: 50.19 $ per barrel, used for offsets −72022-12-02: 47.86 $ per barrel, used for offsets −3, −1same print as T0 — 2022-12-05, 43.40 $ per barrel, used for offsets T02022-12-06: 42.43 $ per barrel, used for offsets +12022-12-08: 43.18 $ per barrel, used for offsets +32022-12-12: 45.31 $ per barrel, used for offsets +72022-12-19: 47.36 $ per barrel, used for offsets +142023-01-04: 52.92 $ per barrel, used for offsets +302023-02-03: 39.25 $ per barrel, used for offsets +602023-03-03: 36.90 $ per barrel, used for offsets +90

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

Window table for US proxy - not a European price: US diesel spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-11-04102.1+58.716+135.30%+13.75
−142022-11-2161.92+18.524+42.69%+4.34
−72022-11-2850.19+6.790+15.65%+1.59
−32022-12-0247.86+4.464+10.29%+1.05
−12022-12-0247.86+4.464+10.29%+1.05
T02022-12-05same print as T043.400.0000.00%0.00
+12022-12-0642.43-0.970-2.24%-0.23
+32022-12-0843.18-0.220-0.51%-0.05
+72022-12-1245.31+1.916+4.42%+0.45
+142022-12-1947.36+3.968+9.14%+0.93
+302023-01-0452.92+9.520+21.94%+2.23
+602023-02-0339.25-4.142-9.54%-0.97
+902023-03-0336.90-6.496-14.97%-1.52

One volatility unit for this series is 9.84%, the standard deviation of its own day-on-day percentage changes over the three years before the event (737 changes). It is not a significance test.

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

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30−14T0+14+30+60+9038.9011.122022-11-04: 36.21 $ per barrel, used for offsets −302022-11-21: 25.46 $ per barrel, used for offsets −142022-11-28: 21.75 $ per barrel, used for offsets −72022-12-02: 19.76 $ per barrel, used for offsets −3, −1same print as T0 — 2022-12-05, 19.67 $ per barrel, used for offsets T02022-12-06: 20.42 $ per barrel, used for offsets +12022-12-08: 14.66 $ per barrel, used for offsets +32022-12-12: 13.81 $ per barrel, used for offsets +72022-12-19: 13.89 $ per barrel, used for offsets +142023-01-04: 25.20 $ per barrel, used for offsets +302023-02-03: 24.34 $ per barrel, used for offsets +602023-03-03: 25.60 $ per barrel, used for offsets +90

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

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

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

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

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30−14T0+14+30+60+9057.2023.782022-11-04: 51.50 $ per barrel, used for offsets −302022-11-21: 42.81 $ per barrel, used for offsets −142022-11-28: 30.74 $ per barrel, used for offsets −72022-12-02: 31.06 $ per barrel, used for offsets −3, −1same print as T0 — 2022-12-05, 27.02 $ per barrel, used for offsets T02022-12-06: 27.60 $ per barrel, used for offsets +12022-12-08: 35.20 $ per barrel, used for offsets +32022-12-12: 36.79 $ per barrel, used for offsets +72022-12-19: 36.02 $ per barrel, used for offsets +142023-01-04: 53.97 $ per barrel, used for offsets +302023-02-03: 29.38 $ per barrel, used for offsets +602023-03-03: 39.71 $ per barrel, used for offsets +90

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

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

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

Not available: licence-blocked

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

Arabian Gulf to north-west Europe dirty tanker rate

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

13 offsets in the window are affected.

EU refined-product benchmark

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

13 offsets in the window are affected.

EU refined-product benchmark

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

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

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

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

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

13 offsets in the window are affected.

wholesale / rack price

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

13 offsets in the window are affected.

wholesale / rack price

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

13 offsets in the window are affected.

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.

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.

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.Range only2.472–10.43 % of imported tonnes at +30 d (2023-01) · no midpoint
Direct product exposure (D2)Share of imported refined product whose route requires the Strait of Hormuz.Range only0–4.077 % of imported tonnes at +30 d (2023-01) · no midpoint
Emergency stock cover (D7)Days of cover the published emergency stocks amount to. A buffer against a supply disruption, not a share of imports, and not a price channel.Observed112.1 days of cover at +30 d (published 2023-01-01)+9.88% from the level at T0 = +1.74 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed75.31 $ per barrel at +30 d (published 2023-01-04)-9.66% from the level at T0 = -2.14 volatility units
Refined-product benchmarkThe quoted product price refineries and wholesalers price against.UnavailableEU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.
Refining marginWhat refining a barrel into this product earned.UnavailableNo published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.
Freight ratesWhat it cost to ship the cargo.UnavailableTanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.
InventoriesStocks held, which absorb or amplify a supply change.Observed15,145,452 tonnes at +30 d (published 2023-01-01)+2.52% from the level at T0 = +0.70 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.Observed0.9936 € per litre at +30 d (published 2023-01-02)-7.90% from the level at T0 = -2.79 volatility units
Pump price with taxWhat a driver actually paid.Observed1.661 € per litre at +30 d (published 2023-01-02)-5.85% from the level at T0 = -2.98 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: Spain, 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 'spain'. 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), Spain's pre-tax petrol price moved -4.1%, which is 1.7 times its normal week-to-week variation over the previous three years — within that range.

    about SpainCalculatedOfficial
    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
    0.88448
    status
    OBSERVED
    country
    Spain
    z_score
    -2.334456625036487
    t0_value
    0.92235
    fuel_type
    EURO_SUPER_95
    change_pct
    -4.105816663956195
    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_ES_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.6787801388004746
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.03786999999999996
    change_pct_from_t0
    -4.105816663956195
    observation_gap_days
    0
    normal_volatility_pct
    2.4457143428500956
    change_in_volatility_units
    -1.6787801388004746
    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
    0.88448
    status
    OBSERVED
    country
    Spain
    z_score
    -2.334456625036487
    t0_value
    0.92235
    fuel_type
    EURO_SUPER_95
    change_pct
    -4.105816663956195
    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_ES_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.6787801388004746
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.03786999999999996
    change_pct_from_t0
    -4.105816663956195
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    2.4457143428500956
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.6787801388004746

    Template event.price_move.within_normal v1.1 · Fingerprint 027a1ca916258cffdfda0ac8d318b14746fac15bde18f5c31d770525e6671340 · 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), Spain's pre-tax petrol price moved -9.3%, which is 3.8 times its normal week-to-week variation over the previous three years — outside that range.

    about SpainCalculatedOfficial
    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
    0.83627
    status
    OBSERVED
    country
    Spain
    z_score
    -3.9648519877369455
    t0_value
    0.92235
    fuel_type
    EURO_SUPER_95
    change_pct
    -9.332682821054918
    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_ES_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -3.815933307313046
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08608000000000005
    change_pct_from_t0
    -9.332682821054918
    observation_gap_days
    2
    normal_volatility_pct
    2.4457143428500956
    change_in_volatility_units
    -3.815933307313046
    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
    0.83627
    status
    OBSERVED
    country
    Spain
    z_score
    -3.9648519877369455
    t0_value
    0.92235
    fuel_type
    EURO_SUPER_95
    change_pct
    -9.332682821054918
    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_ES_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -3.815933307313046
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08608000000000005
    change_pct_from_t0
    -9.332682821054918
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.4457143428500956
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -3.815933307313046

    Template event.price_move.outside_normal v1.1 · Fingerprint 7dd3b2f565aea61d84bd9064c4ebc2e803f6c271f617cb60b2678a98ba7cc207 · 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), Spain's pre-tax petrol price moved -5.0%, which is 2.0 times its normal week-to-week variation over the previous three years — outside that range.

    about SpainCalculatedOfficial
    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
    0.87624
    status
    OBSERVED
    country
    Spain
    z_score
    -2.613122001279005
    t0_value
    0.92235
    fuel_type
    EURO_SUPER_95
    change_pct
    -4.999186859651974
    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_ES_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.044060000002375
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.046109999999999984
    change_pct_from_t0
    -4.999186859651974
    observation_gap_days
    6
    normal_volatility_pct
    2.4457143428500956
    change_in_volatility_units
    -2.044060000002375
    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
    0.87624
    status
    OBSERVED
    country
    Spain
    z_score
    -2.613122001279005
    t0_value
    0.92235
    fuel_type
    EURO_SUPER_95
    change_pct
    -4.999186859651974
    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_ES_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.044060000002375
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.046109999999999984
    change_pct_from_t0
    -4.999186859651974
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    2.4457143428500956
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.044060000002375

    Template event.price_move.outside_normal v1.1 · Fingerprint c0dd875aec425e9fcc84368acdcfb8d94869df6ea3541f0a7da28ee9c1befa10 · 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), Spain's tax-inclusive petrol price moved -2.7%, which is 1.8 times its normal week-to-week variation over the previous three years — within that range.

    about SpainCalculatedOfficial
    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
    1.6421800000000002
    status
    OBSERVED
    country
    Spain
    z_score
    -2.33426378033625
    t0_value
    1.688
    fuel_type
    EURO_SUPER_95
    change_pct
    -2.714454976303303
    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_ES_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.771511744000042
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.04581999999999975
    change_pct_from_t0
    -2.714454976303303
    observation_gap_days
    0
    normal_volatility_pct
    1.532281671570583
    change_in_volatility_units
    -1.771511744000042
    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
    1.6421800000000002
    status
    OBSERVED
    country
    Spain
    z_score
    -2.33426378033625
    t0_value
    1.688
    fuel_type
    EURO_SUPER_95
    change_pct
    -2.714454976303303
    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_ES_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.771511744000042
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.04581999999999975
    change_pct_from_t0
    -2.714454976303303
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    1.532281671570583
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.771511744000042

    Template event.price_move.within_normal v1.1 · Fingerprint de10374c0321b9847b7886b923b37fc4a5228604352caca96c87a66582d4f9fb · 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), Spain's tax-inclusive petrol price moved -6.2%, which is 4.0 times its normal week-to-week variation over the previous three years — outside that range.

    about SpainCalculatedOfficial
    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
    1.58384
    status
    OBSERVED
    country
    Spain
    z_score
    -3.964782805058685
    t0_value
    1.688
    fuel_type
    EURO_SUPER_95
    change_pct
    -6.170616113744078
    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_ES_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -4.027076893388159
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.10416000000000003
    change_pct_from_t0
    -6.170616113744078
    observation_gap_days
    2
    normal_volatility_pct
    1.532281671570583
    change_in_volatility_units
    -4.027076893388159
    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
    1.58384
    status
    OBSERVED
    country
    Spain
    z_score
    -3.964782805058685
    t0_value
    1.688
    fuel_type
    EURO_SUPER_95
    change_pct
    -6.170616113744078
    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_ES_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -4.027076893388159
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.10416000000000003
    change_pct_from_t0
    -6.170616113744078
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.532281671570583
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -4.027076893388159

    Template event.price_move.outside_normal v1.1 · Fingerprint 97be955e4f3d8bd03e011edf96522fabfaabd54d32c0e3082092143dd4992548 · 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), Spain's tax-inclusive petrol price moved -3.3%, which is 2.2 times its normal week-to-week variation over the previous three years — outside that range.

    about SpainCalculatedOfficial
    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
    1.6322
    status
    OBSERVED
    country
    Spain
    z_score
    -2.613190415007659
    t0_value
    1.688
    fuel_type
    EURO_SUPER_95
    change_pct
    -3.3056872037914604
    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_ES_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.157362621457936
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.05579999999999985
    change_pct_from_t0
    -3.3056872037914604
    observation_gap_days
    6
    normal_volatility_pct
    1.532281671570583
    change_in_volatility_units
    -2.157362621457936
    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
    1.6322
    status
    OBSERVED
    country
    Spain
    z_score
    -2.613190415007659
    t0_value
    1.688
    fuel_type
    EURO_SUPER_95
    change_pct
    -3.3056872037914604
    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_ES_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -2.157362621457936
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.05579999999999985
    change_pct_from_t0
    -3.3056872037914604
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    1.532281671570583
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.157362621457936

    Template event.price_move.outside_normal v1.1 · Fingerprint 6526c554af3b5737f85c16d983371ded75e1c99e3abca45cf42a297c0bd28326 · 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), Spain's pre-tax diesel price moved -4.1%, which is 1.4 times its normal week-to-week variation over the previous three years — within that range.

    about SpainCalculatedOfficial
    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
    1.03502
    status
    OBSERVED
    country
    Spain
    z_score
    -2.8000805157349102
    t0_value
    1.07882
    fuel_type
    DIESEL
    change_pct
    -4.0599914721640165
    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_ES_DIESEL
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.4353893276603031
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.04379999999999984
    change_pct_from_t0
    -4.0599914721640165
    observation_gap_days
    0
    normal_volatility_pct
    2.828494955289822
    change_in_volatility_units
    -1.4353893276603031
    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
    1.03502
    status
    OBSERVED
    country
    Spain
    z_score
    -2.8000805157349102
    t0_value
    1.07882
    fuel_type
    DIESEL
    change_pct
    -4.0599914721640165
    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_ES_DIESEL
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.4353893276603031
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.04379999999999984
    change_pct_from_t0
    -4.0599914721640165
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    2.828494955289822
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.4353893276603031

    Template event.price_move.within_normal v1.1 · Fingerprint 19e265e1f0820dac524f555f2a9ffe977ffee37a81119fb4a209895921c8de04 · 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), Spain's pre-tax diesel price moved -7.9%, which is 2.8 times its normal week-to-week variation over the previous three years — outside that range.

    about SpainCalculatedOfficial
    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
    0.9935700000000001
    status
    OBSERVED
    country
    Spain
    z_score
    -3.5661941150960303
    t0_value
    1.07882
    fuel_type
    DIESEL
    change_pct
    -7.902152351643447
    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_ES_DIESEL
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -2.7937657576036767
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08524999999999983
    change_pct_from_t0
    -7.902152351643447
    observation_gap_days
    2
    normal_volatility_pct
    2.828494955289822
    change_in_volatility_units
    -2.7937657576036767
    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
    0.9935700000000001
    status
    OBSERVED
    country
    Spain
    z_score
    -3.5661941150960303
    t0_value
    1.07882
    fuel_type
    DIESEL
    change_pct
    -7.902152351643447
    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_ES_DIESEL
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -2.7937657576036767
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.08524999999999983
    change_pct_from_t0
    -7.902152351643447
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.828494955289822
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.7937657576036767

    Template event.price_move.outside_normal v1.1 · Fingerprint ea9cd03a89f58f3a95e6ccbbd2038ecb4e20ed9a71255fd6133a9fe6077f6323 · 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), Spain's pre-tax diesel price moved -13.4%, which is 4.7 times its normal week-to-week variation over the previous three years — outside that range.

    about SpainCalculatedOfficial
    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
    0.93431
    status
    OBSERVED
    country
    Spain
    z_score
    -4.661487043881074
    t0_value
    1.07882
    fuel_type
    DIESEL
    change_pct
    -13.395191042064472
    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_ES_DIESEL
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -4.735801637903905
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.14450999999999992
    change_pct_from_t0
    -13.395191042064472
    observation_gap_days
    6
    normal_volatility_pct
    2.828494955289822
    change_in_volatility_units
    -4.735801637903905
    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
    0.93431
    status
    OBSERVED
    country
    Spain
    z_score
    -4.661487043881074
    t0_value
    1.07882
    fuel_type
    DIESEL
    change_pct
    -13.395191042064472
    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_ES_DIESEL
    series_kind
    pre-tax
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -4.735801637903905
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.14450999999999992
    change_pct_from_t0
    -13.395191042064472
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    2.828494955289822
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -4.735801637903905

    Template event.price_move.outside_normal v1.1 · Fingerprint 36873e5366d7e487cd975b2c8de6f607b808689ead53a6f3b9e62db64b87f9c5 · 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), Spain's tax-inclusive diesel price moved -3.0%, which is 1.5 times its normal week-to-week variation over the previous three years — within that range.

    about SpainCalculatedOfficial
    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
    1.71097
    status
    OBSERVED
    country
    Spain
    z_score
    -2.8001238914944366
    t0_value
    1.76396
    fuel_type
    DIESEL
    change_pct
    -3.0040363727068566
    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_ES_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.5294141922037843
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.05298999999999987
    change_pct_from_t0
    -3.0040363727068566
    observation_gap_days
    0
    normal_volatility_pct
    1.9641745107505768
    change_in_volatility_units
    -1.5294141922037843
    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
    1.71097
    status
    OBSERVED
    country
    Spain
    z_score
    -2.8001238914944366
    t0_value
    1.76396
    fuel_type
    DIESEL
    change_pct
    -3.0040363727068566
    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_ES_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-12-12
    same_observation
    false
    volatility_units
    -1.5294141922037843
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.05298999999999987
    change_pct_from_t0
    -3.0040363727068566
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    1.9641745107505768
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.5294141922037843

    Template event.price_move.within_normal v1.1 · Fingerprint 82035edcc032dbae7f564ae2354ca584fea31709c8d702ca159b059c9336c11d · 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), Spain's tax-inclusive diesel price moved -5.8%, which is 3.0 times its normal week-to-week variation over the previous three years — outside that range.

    about SpainCalculatedOfficial
    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
    1.66081
    status
    OBSERVED
    country
    Spain
    z_score
    -3.566350980845517
    t0_value
    1.76396
    fuel_type
    DIESEL
    change_pct
    -5.847638268441466
    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_ES_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -2.9771480265299277
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.10315000000000007
    change_pct_from_t0
    -5.847638268441466
    observation_gap_days
    2
    normal_volatility_pct
    1.9641745107505768
    change_in_volatility_units
    -2.9771480265299277
    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
    1.66081
    status
    OBSERVED
    country
    Spain
    z_score
    -3.566350980845517
    t0_value
    1.76396
    fuel_type
    DIESEL
    change_pct
    -5.847638268441466
    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_ES_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-01-02
    same_observation
    false
    volatility_units
    -2.9771480265299277
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.10315000000000007
    change_pct_from_t0
    -5.847638268441466
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.9641745107505768
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.9771480265299277

    Template event.price_move.outside_normal v1.1 · Fingerprint 81a27ff70e23b9be5e10ddde641f085b7b857bf32f1dfdb775f96377b2429fcc · 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), Spain's tax-inclusive diesel price moved -9.9%, which is 5.0 times its normal week-to-week variation over the previous three years — outside that range.

    about SpainCalculatedOfficial
    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
    1.5891
    status
    OBSERVED
    country
    Spain
    z_score
    -4.661768536215647
    t0_value
    1.76396
    fuel_type
    DIESEL
    change_pct
    -9.912923195537314
    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_ES_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -5.046864798051602
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.17486000000000002
    change_pct_from_t0
    -9.912923195537314
    observation_gap_days
    6
    normal_volatility_pct
    1.9641745107505768
    change_in_volatility_units
    -5.046864798051602
    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
    1.5891
    status
    OBSERVED
    country
    Spain
    z_score
    -4.661768536215647
    t0_value
    1.76396
    fuel_type
    DIESEL
    change_pct
    -9.912923195537314
    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_ES_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-27
    same_observation
    false
    volatility_units
    -5.046864798051602
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.17486000000000002
    change_pct_from_t0
    -9.912923195537314
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    1.9641745107505768
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -5.046864798051602

    Template event.price_move.outside_normal v1.1 · Fingerprint 85d864e0df31be6cc720950c78fc16e904c4af52baae092b305f195c1fc7a216 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  13. What crude costs alone would have done to Spain's pre-tax petrol 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 SpainUnknownUnknown
    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
    UNKNOWN
    country
    Spain
    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
    reason_code
    NO_COMPUTED_PASS_THROUGH_ESTIMATE
    series_code
    CRUDE_ONLY_EXPECTED_ES_EURO_SUPER_95
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    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
    petrol
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    weeks
    4
    status
    UNKNOWN
    country
    Spain
    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"]
    reason_code
    NO_COMPUTED_PASS_THROUGH_ESTIMATE
    series_code
    CRUDE_ONLY_EXPECTED_ES_EURO_SUPER_95
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    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 e0feee069b052dbde92b73b9c6ca8d2483448ea963e9bb4d89c191c639c69956 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  14. What crude costs alone would have done to Spain'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 SpainUnknownUnknown
    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
    Spain
    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_ES_DIESEL
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    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
    Spain
    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_ES_DIESEL
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    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 877b3b1efb48043965fa80ff12bdee26c9194fdfe0a7b88c26d0e3a4f4f1f049 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  15. Direct physical dependence on Hormuz-linked crude was limited (5%–9%) for Spain in 2022-12. No point estimate is published: the origins concerned export from both inside and outside the Persian Gulf and the split per period is not public.

    about SpainCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Spain
    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
    ES
    country_name
    Spain
    country_slug
    spain
    value_max_pct
    8.67662941985982
    value_min_pct
    5.06607432798963
    exposure_status
    RANGE_ONLY
    value_point_pct
    null
    observation_date
    2022-12-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Spain
    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
    ES
    country_name
    Spain
    country_slug
    spain
    value_max_pct
    8.67662941985982
    value_min_pct
    5.06607432798963
    exposure_status
    RANGE_ONLY
    statement_topic
    hormuz
    value_point_pct
    null
    observation_date
    2022-12-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.range v1.1 · Fingerprint 13a40ee5aaf2b10d9786e4996d44217efeb39be7b1981d4a4975cf57175cbd73 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  16. Direct physical dependence on Hormuz-linked refined product was limited (0%–6%) for Spain in 2022-12. No point estimate is published: the origins concerned export from both inside and outside the Persian Gulf and the split per period is not public.

    about SpainCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Spain
    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
    ES
    country_name
    Spain
    country_slug
    spain
    value_max_pct
    5.80851881169678
    value_min_pct
    0
    exposure_status
    RANGE_ONLY
    value_point_pct
    null
    observation_date
    2022-12-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-12
    status
    NO_OBSERVATION
    country
    Spain
    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
    ES
    country_name
    Spain
    country_slug
    spain
    value_max_pct
    5.80851881169678
    value_min_pct
    0
    exposure_status
    RANGE_ONLY
    statement_topic
    hormuz
    value_point_pct
    null
    observation_date
    2022-12-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.range v1.1 · Fingerprint 40a4f802d6e69acc31b5a8217caa801acfeb013729efe2f9ea6a20fa85358eae · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  17. Available evidence does not show a physical supply reduction: Spain's reported crude imports in 2022-12 were +3.4% against the mean of the previous 12 months.

    about SpainCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    country
    Spain
    change_pct
    3.41205655303794
    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
    ES
    country_name
    Spain
    country_slug
    spain
    partner_role
    ORIGIN
    value_tonnes
    5373615
    baseline_months
    12
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    5196313.833333333
    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
    Spain
    change_pct
    3.41205655303794
    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
    ES
    country_name
    Spain
    country_slug
    spain
    partner_role
    ORIGIN
    value_tonnes
    5373615
    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
    5196313.833333333
    study_calculation_version
    event_study-1.0

    Template event.supply.no_reduction v1.1 · Fingerprint e32519aea0b0de6ab609d0462d0fb55d7a099d40ef9b140008a990bec138c933 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  18. In 2022-12, Spain's oil stocks stood 0.3% below their trailing 12-month mean — inside the 5% either side that this site reads as in line with it, with 102.0 days of cover (as published).

    about SpainCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    status
    OBSERVED
    country
    Spain
    direction
    below
    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_ES
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    days_of_cover
    102
    metric_status
    COMPUTED
    mom_change_pct
    0.5855404862096705
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    14773285
    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
    14820786.75
    level_vs_trailing_12m_pct
    -0.32050761407790984
    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
    -0.32050761407790984
    level_vs_trailing_12m_pct_shown
    -0.3
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    unit
    tonnes
    month
    2022-12
    status
    OBSERVED
    country
    Spain
    direction
    below
    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_ES
    country_iso2
    ES
    country_name
    Spain
    country_slug
    spain
    days_of_cover
    102
    metric_status
    COMPUTED
    mom_change_pct
    0.5855404862096705
    statement_topic
    event
    observation_date
    2022-12-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    14773285
    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
    14820786.75
    level_vs_trailing_12m_pct
    -0.32050761407790984
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.in_line v1.1 · Fingerprint bc68c14b8d8d212714a3132f2b809ebcf2df036ba1c262f0e715fd214b30db22 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. Summary of what can be checked here

    Only part of the chain can be checked for Spain around EU import ban on seaborne Russian crude oil (in force 5 December 2022): 4 of the 8 series the method compares are available (crude benchmark, inventories, pre-tax pump price and pump price with tax), while refined-product benchmark, refining margin, freight rates and wholesale prices are not. Any claim that rests on the missing links cannot be tested here. Direct physical dependence on Hormuz-linked crude was limited (5–9%) over the period covered. This page describes what each series did around the event date. It is not a finding about cause: no causal design is published for this site, and a series that moved in the same window may have moved for other reasons.

    about SpainUnknownUnknown
    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
    Spain
    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
    ES
    country_name
    Spain
    country_slug
    spain
    dependence_band
    limited
    dependence_range
    5–9%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.no_reduction
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    Thresholds
    source
    v1 choice of this module; the channel list is docs/PRICE_MODEL.md §2.3
    channels_total
    8
    channels_available
    4
    verdict_partial_min_channels
    3
    verdict_assessable_min_channels
    8
    Inputs
    t0
    2022-12-05T00:00:00+00:00
    event
    EU import ban on seaborne Russian crude oil (in force 5 December 2022)
    country
    Spain
    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
    ES
    country_name
    Spain
    country_slug
    spain
    dependence_band
    limited
    statement_topic
    event
    dependence_range
    5–9%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.no_reduction
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    study_calculation_version
    event_study-1.0

    Template event.verdict.partial v1.1 · Fingerprint 2918937a96c0c5e2a716b7b56ffcf00dcbbebc944a1fafd0964afac94c2f7c47 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  20. 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

  21. 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

  22. 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

  23. 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

  24. 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

  25. 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

  26. 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.

Spain: 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.