Fuel Origin

Events / Import ban

EU import ban on Russian refined petroleum products (in force 5 February 2023)

Dates
2023-02-05 → no end date recorded
Dated to
the day
Status
Ongoing
Scope
European Union

What the sources said

Second phase of the sixth sanctions package of 3 June 2022 (Council Regulation (EU) 2022/879 amending Regulation (EU) No 833/2014): an eight-month wind-down for refined petroleum products against six months for seaborne crude. 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." Recorded as a separate marker because each event on this timeline has a single start date and the two phases have different in-force dates. 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 2026-09-25 14:07 UTCRevision 2
Source documents (2)
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.

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

234 published readings, 26 offsets with nothing published within one period, and 117 offsets on series we cannot see at all. Every one of them is on this page.

Europe Brent spot FOB

Unit: $ per barrelPublished: dailyCalculatedOfficial
T0−30T0+30+60+9088.2974.522023-01-06: 76.41 $ per barrel, used for offsets −302023-01-20: 86.96 $ per barrel, used for offsets −142023-01-27: 85.36 $ per barrel, used for offsets −72023-02-02: 80.57 $ per barrel, used for offsets −3same print as T0 — 2023-02-03, 78.85 $ per barrel, used for offsets −1, T02023-02-06: 80.48 $ per barrel, used for offsets +12023-02-08: 84.17 $ per barrel, used for offsets +32023-02-10: 85.46 $ per barrel, used for offsets +72023-02-17: 81.97 $ per barrel, used for offsets +142023-03-06: 85.86 $ per barrel, used for offsets +302023-04-06: 86.56 $ per barrel, used for offsets +602023-05-05: 75.85 $ 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.

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
−302023-01-0676.41-2.440-3.09%-0.68
−142023-01-2086.96+8.110+10.29%+2.27
−72023-01-2785.36+6.510+8.26%+1.82
−32023-02-0280.57+1.720+2.18%+0.48
−12023-02-03same print as T078.850.0000.00%0.00
T02023-02-03same print as T078.850.0000.00%0.00
+12023-02-0680.48+1.630+2.07%+0.46
+32023-02-0884.17+5.320+6.75%+1.49
+72023-02-1085.46+6.610+8.38%+1.85
+142023-02-1781.97+3.120+3.96%+0.87
+302023-03-0685.86+7.010+8.89%+1.96
+602023-04-0686.56+7.710+9.78%+2.16
+902023-05-0575.85-3.000-3.80%-0.84

One volatility unit for this series is 4.53%, the standard deviation of its own day-on-day percentage changes over the three years before the event (757 changes). It is not a significance test.

reported crude oil imports, all origins

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30T0+30+60+904,315,7601,311,2402023-01-01: 4,025,000 tonnes, used for offsets −30, −14, −7same print as T0 — 2023-02-01, 3,784,000 tonnes, used for offsets −3, −1, T0, +1, +3, +7, +142023-03-01: 1,602,000 tonnes, used for offsets +302023-04-01: 3,208,000 tonnes, used for offsets +602023-05-01: 3,489,000 tonnes, used for offsets +90

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

Window table for 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
−302023-01-014,025,000+241,000+6.37%+0.34
−142023-01-014,025,000+241,000+6.37%+0.34
−72023-01-014,025,000+241,000+6.37%+0.34
−32023-02-01same print as T03,784,0000.0000.00%0.00
−12023-02-01same print as T03,784,0000.0000.00%0.00
T02023-02-01same print as T03,784,0000.0000.00%0.00
+12023-02-01same print as T03,784,0000.0000.00%0.00
+32023-02-01same print as T03,784,0000.0000.00%0.00
+72023-02-01same print as T03,784,0000.0000.00%0.00
+142023-02-01same print as T03,784,0000.0000.00%0.00
+302023-03-011,602,000-2,182,000-57.66%-3.11
+602023-04-013,208,000-576,000-15.22%-0.82
+902023-05-013,489,000-295,000-7.80%-0.42

One volatility unit for this series is 18.57%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.9390.8962023-01-02: 0.9018 € per litre, used for offsets −302023-01-16: 0.9006 € per litre, used for offsets −142023-01-23: 0.9131 € per litre, used for offsets −7same print as T0 — 2023-01-30, 0.9199 € per litre, used for offsets −3, −1, T02023-02-06: 0.9178 € per litre, used for offsets +1, +3, +72023-02-13: 0.9177 € per litre, used for offsets +142023-03-06: 0.9262 € per litre, used for offsets +302023-04-03: 0.9136 € per litre, used for offsets +602023-05-01: 0.9353 € per litre, used for offsets +90

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

Window table for crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302023-01-020.9018-0.018-1.96%-0.94
−142023-01-160.9006-0.019-2.09%-1.00
−72023-01-230.9131-0.007-0.74%-0.35
−32023-01-30same print as T00.91990.0000.00%0.00
−12023-01-30same print as T00.91990.0000.00%0.00
T02023-01-30same print as T00.91990.0000.00%0.00
+12023-02-060.9178-0.002-0.22%-0.11
+32023-02-060.9178-0.002-0.22%-0.11
+72023-02-060.9178-0.002-0.22%-0.11
+142023-02-130.9177-0.002-0.24%-0.11
+302023-03-060.9262+0.006+0.68%+0.33
+602023-04-030.9136-0.006-0.68%-0.33
+902023-05-010.9353+0.015+1.68%+0.80

One volatility unit for this series is 2.10%, the standard deviation of its own week-on-week percentage changes over the three years before the event (149 changes). It is not a significance test.

ECB euro foreign exchange reference rate

Unit: US dollars per euroPublished: dailyCalculatedOfficial
T0−30T0+30+60+901.1081.0442023-01-06: 1.050 US dollars per euro, used for offsets −302023-01-20: 1.083 US dollars per euro, used for offsets −142023-01-27: 1.087 US dollars per euro, used for offsets −72023-02-02: 1.099 US dollars per euro, used for offsets −3same print as T0 — 2023-02-03, 1.094 US dollars per euro, used for offsets −1, T02023-02-06: 1.078 US dollars per euro, used for offsets +12023-02-08: 1.074 US dollars per euro, used for offsets +32023-02-10: 1.069 US dollars per euro, used for offsets +72023-02-17: 1.063 US dollars per euro, used for offsets +142023-03-07: 1.067 US dollars per euro, used for offsets +302023-04-06: 1.092 US dollars per euro, used for offsets +602023-05-05: 1.101 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.

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
−302023-01-061.050-0.044-4.00%-7.81
−142023-01-201.083-0.011-1.01%-1.98
−72023-01-271.087-0.007-0.66%-1.29
−32023-02-021.099+0.005+0.47%+0.91
−12023-02-03same print as T01.0940.0000.00%0.00
T02023-02-03same print as T01.0940.0000.00%0.00
+12023-02-061.078-0.016-1.47%-2.88
+32023-02-081.074-0.020-1.85%-3.61
+72023-02-101.069-0.025-2.26%-4.41
+142023-02-171.063-0.031-2.85%-5.57
+302023-03-071.067-0.027-2.49%-4.86
+602023-04-061.092-0.002-0.20%-0.39
+902023-05-051.101+0.008+0.70%+1.38

One volatility unit for this series is 0.51%, the standard deviation of its own day-on-day percentage changes over the three years before the event (772 changes). It is not a significance test.

direct crude Hormuz exposure D1

Unit: % of imported tonnesPublished: monthlyUnknownUnknown
T0−30T0+30+60+9033.860.002023-01-01: 6.528 to 9.476 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-02-01: 3.700 to 10.71 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-03-01: 0 to 13.87 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-04-01: 14.17 to 30.23 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-05-01: 3.711 to 10.90 % 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
−302023-01-016.528–9.476not publishednot publishednot published
−142023-01-016.528–9.476not publishednot publishednot published
−72023-01-016.528–9.476not publishednot publishednot published
−32023-02-013.700–10.71not publishednot publishednot published
−12023-02-013.700–10.71not publishednot publishednot published
T02023-02-013.700–10.71not publishednot publishednot published
+12023-02-013.700–10.71not publishednot publishednot published
+32023-02-013.700–10.71not publishednot publishednot published
+72023-02-013.700–10.71not publishednot publishednot published
+142023-02-013.700–10.71not publishednot publishednot published
+302023-03-010–13.87not publishednot publishednot published
+602023-04-0114.17–30.23not publishednot publishednot published
+902023-05-013.711–10.90not 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
T0−30T0+30+60+9037.992.662023-01-01: 6.461 to 34.57 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-02-01: 10.88 to 31.70 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-03-01: 10.38 to 24.56 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-04-01: 6.077 to 19.14 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2023-05-01: 9.802 to 28.90 % 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
−302023-01-016.461–34.57not publishednot publishednot published
−142023-01-016.461–34.57not publishednot publishednot published
−72023-01-016.461–34.57not publishednot publishednot published
−32023-02-0110.88–31.70not publishednot publishednot published
−12023-02-0110.88–31.70not publishednot publishednot published
T02023-02-0110.88–31.70not publishednot publishednot published
+12023-02-0110.88–31.70not publishednot publishednot published
+32023-02-0110.88–31.70not publishednot publishednot published
+72023-02-0110.88–31.70not publishednot publishednot published
+142023-02-0110.88–31.70not publishednot publishednot published
+302023-03-0110.38–24.56not publishednot publishednot published
+602023-04-016.077–19.14not publishednot publishednot published
+902023-05-019.802–28.90not 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
T0−30T0+30+60+90101.794.32023-01-01: 101.0 days of cover, used for offsets −30, −14, −7same print as T0 — 2023-02-01, 101.0 days of cover, used for offsets −3, −1, T0, +1, +3, +7, +142023-03-01: 95.00 days of cover, used for offsets +302023-04-01: 95.00 days of cover, used for offsets +602023-05-01: 99.00 days of cover, used for offsets +90

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

Window table for inventory exposure D7: published days of emergency stock cover, carried through: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302023-01-01101.00.0000.00%0.00
−142023-01-01101.00.0000.00%0.00
−72023-01-01101.00.0000.00%0.00
−32023-02-01same print as T0101.00.0000.00%0.00
−12023-02-01same print as T0101.00.0000.00%0.00
T02023-02-01same print as T0101.00.0000.00%0.00
+12023-02-01same print as T0101.00.0000.00%0.00
+32023-02-01same print as T0101.00.0000.00%0.00
+72023-02-01same print as T0101.00.0000.00%0.00
+142023-02-01same print as T0101.00.0000.00%0.00
+302023-03-0195.00-6.000-5.94%-1.13
+602023-04-0195.00-6.000-5.94%-1.13
+902023-05-0199.00-2.000-1.98%-0.38

One volatility unit for this series is 5.26%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.5050.4172023-01-02: 0.4598 € per litre, used for offsets −302023-01-16: 0.4913 € per litre, used for offsets −142023-01-23: 0.4969 € per litre, used for offsets −7same print as T0 — 2023-01-30, 0.4720 € per litre, used for offsets −3, −1, T02023-02-06: 0.4881 € per litre, used for offsets +1, +3, +72023-02-13: 0.4951 € per litre, used for offsets +142023-03-06: 0.4922 € per litre, used for offsets +302023-04-03: 0.4959 € per litre, used for offsets +602023-05-01: 0.4258 € 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
−302023-01-020.4598-0.012-2.58%-0.32
−142023-01-160.4913+0.019+4.09%+0.51
−72023-01-230.4969+0.025+5.28%+0.65
−32023-01-30same print as T00.47200.0000.00%0.00
−12023-01-30same print as T00.47200.0000.00%0.00
T02023-01-30same print as T00.47200.0000.00%0.00
+12023-02-060.4881+0.016+3.41%+0.42
+32023-02-060.4881+0.016+3.41%+0.42
+72023-02-060.4881+0.016+3.41%+0.42
+142023-02-130.4951+0.023+4.89%+0.61
+302023-03-060.4922+0.020+4.28%+0.53
+602023-04-030.4959+0.024+5.07%+0.63
+902023-05-010.4258-0.046-9.79%-1.21

One volatility unit for this series is 8.07%, the standard deviation of its own week-on-week percentage changes over the three years before the event (149 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.5050.4172023-01-02: 0.4598 € per litre, used for offsets −302023-01-16: 0.4913 € per litre, used for offsets −142023-01-23: 0.4969 € per litre, used for offsets −7same print as T0 — 2023-01-30, 0.4720 € per litre, used for offsets −3, −1, T02023-02-06: 0.4881 € per litre, used for offsets +1, +3, +72023-02-13: 0.4951 € per litre, used for offsets +142023-03-06: 0.4922 € per litre, used for offsets +302023-04-03: 0.4959 € per litre, used for offsets +602023-05-01: 0.4258 € 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
−302023-01-020.4598-0.012-2.58%-0.32
−142023-01-160.4913+0.019+4.09%+0.51
−72023-01-230.4969+0.025+5.28%+0.65
−32023-01-30same print as T00.47200.0000.00%0.00
−12023-01-30same print as T00.47200.0000.00%0.00
T02023-01-30same print as T00.47200.0000.00%0.00
+12023-02-060.4881+0.016+3.41%+0.42
+32023-02-060.4881+0.016+3.41%+0.42
+72023-02-060.4881+0.016+3.41%+0.42
+142023-02-130.4951+0.023+4.89%+0.61
+302023-03-060.4922+0.020+4.28%+0.53
+602023-04-030.4959+0.024+5.07%+0.63
+902023-05-010.4258-0.046-9.79%-1.21

One volatility unit for this series is 8.07%, the standard deviation of its own week-on-week percentage changes over the three years before the event (149 changes). It is not a significance test.

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

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30T0+30+60+9021,205,04017,959,9602023-01-01: 20,891,000 tonnes, used for offsets −30, −14, −7same print as T0 — 2023-02-01, 20,763,000 tonnes, used for offsets −3, −1, T0, +1, +3, +7, +142023-03-01: 18,274,000 tonnes, used for offsets +302023-04-01: 20,031,000 tonnes, used for offsets +602023-05-01: 20,332,000 tonnes, used for offsets +90

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

Window table for national total oil stocks (Eurostat, commercial holders), with the published days of cover alongside: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302023-01-0120,891,000+128,000+0.62%+0.27
−142023-01-0120,891,000+128,000+0.62%+0.27
−72023-01-0120,891,000+128,000+0.62%+0.27
−32023-02-01same print as T020,763,0000.0000.00%0.00
−12023-02-01same print as T020,763,0000.0000.00%0.00
T02023-02-01same print as T020,763,0000.0000.00%0.00
+12023-02-01same print as T020,763,0000.0000.00%0.00
+32023-02-01same print as T020,763,0000.0000.00%0.00
+72023-02-01same print as T020,763,0000.0000.00%0.00
+142023-02-01same print as T020,763,0000.0000.00%0.00
+302023-03-0118,274,000-2,489,000-11.99%-5.30
+602023-04-0120,031,000-732,000-3.53%-1.56
+902023-05-0120,332,000-431,000-2.08%-0.92

One volatility unit for this series is 2.26%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.033-0.2182023-01-02: -0.1941 € per litre, used for offsets −302023-01-16: -0.0442 € per litre, used for offsets −142023-01-23: -0.0204 € per litre, used for offsets −7same print as T0 — 2023-01-30, 0 € per litre, used for offsets −3, −1, T02023-02-06: -0.0009 € per litre, used for offsets +1, +3, +72023-02-13: -0.0225 € per litre, used for offsets +142023-03-06: -0.0459 € per litre, used for offsets +302023-04-03: 0.0085 € per litre, used for offsets +602023-05-01: -0.0343 € per litre, used for offsets +90

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

Window table for not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302023-01-02-0.1941-0.194not publishednot published
−142023-01-16-0.0442-0.044not publishednot published
−72023-01-23-0.0204-0.020not publishednot published
−32023-01-30same print as T000.000not publishednot published
−12023-01-30same print as T000.000not publishednot published
T02023-01-30same print as T000.000not publishednot published
+12023-02-06-0.0009-0.001not publishednot published
+32023-02-06-0.0009-0.001not publishednot published
+72023-02-06-0.0009-0.001not publishednot published
+142023-02-13-0.0225-0.022not publishednot published
+302023-03-06-0.0459-0.046not publishednot published
+602023-04-030.0085+0.008not publishednot published
+902023-05-01-0.0343-0.034not publishednot published

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

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+901.9701.6932023-01-02: 1.767 € per litre, used for offsets −302023-01-16: 1.885 € per litre, used for offsets −142023-01-23: 1.916 € per litre, used for offsets −7same print as T0 — 2023-01-30, 1.943 € per litre, used for offsets −3, −1, T02023-02-06: 1.887 € per litre, used for offsets +1, +3, +72023-02-13: 1.828 € per litre, used for offsets +142023-03-06: 1.812 € per litre, used for offsets +302023-04-03: 1.809 € per litre, used for offsets +602023-05-01: 1.720 € 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
−302023-01-021.767-0.177-9.09%-3.25
−142023-01-161.885-0.059-3.02%-1.08
−72023-01-231.916-0.027-1.39%-0.50
−32023-01-30same print as T01.9430.0000.00%0.00
−12023-01-30same print as T01.9430.0000.00%0.00
T02023-01-30same print as T01.9430.0000.00%0.00
+12023-02-061.887-0.056-2.88%-1.03
+32023-02-061.887-0.056-2.88%-1.03
+72023-02-061.887-0.056-2.88%-1.03
+142023-02-131.828-0.115-5.94%-2.12
+302023-03-061.812-0.131-6.75%-2.41
+602023-04-031.809-0.134-6.89%-2.46
+902023-05-011.720-0.223-11.49%-4.11

One volatility unit for this series is 2.80%, the standard deviation of its own week-on-week percentage changes over the three years before the event (149 changes). It is not a significance test.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+901.9671.6482023-01-02: 1.679 € per litre, used for offsets −302023-01-16: 1.857 € per litre, used for offsets −142023-01-23: 1.901 € per litre, used for offsets −7same print as T0 — 2023-01-30, 1.933 € per litre, used for offsets −3, −1, T02023-02-06: 1.930 € per litre, used for offsets +1, +3, +72023-02-13: 1.904 € per litre, used for offsets +142023-03-06: 1.886 € per litre, used for offsets +302023-04-03: 1.936 € per litre, used for offsets +602023-05-01: 1.911 € 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
−302023-01-021.679-0.255-13.17%-5.65
−142023-01-161.857-0.076-3.94%-1.69
−72023-01-231.901-0.033-1.69%-0.72
−32023-01-30same print as T01.9330.0000.00%0.00
−12023-01-30same print as T01.9330.0000.00%0.00
T02023-01-30same print as T01.9330.0000.00%0.00
+12023-02-061.930-0.004-0.18%-0.08
+32023-02-061.930-0.004-0.18%-0.08
+72023-02-061.930-0.004-0.18%-0.08
+142023-02-131.904-0.030-1.53%-0.66
+302023-03-061.886-0.047-2.46%-1.05
+602023-04-031.936+0.003+0.14%+0.06
+902023-05-011.911-0.023-1.17%-0.50

One volatility unit for this series is 2.33%, the standard deviation of its own week-on-week percentage changes over the three years before the event (149 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+901.0330.8022023-01-02: 0.8630 € per litre, used for offsets −302023-01-16: 0.9615 € per litre, used for offsets −142023-01-23: 0.9878 € per litre, used for offsets −7same print as T0 — 2023-01-30, 1.010 € per litre, used for offsets −3, −1, T02023-02-06: 0.9637 € per litre, used for offsets +1, +3, +72023-02-13: 0.9142 € per litre, used for offsets +142023-03-06: 0.9010 € per litre, used for offsets +302023-04-03: 0.8987 € per litre, used for offsets +602023-05-01: 0.8243 € 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
−302023-01-020.8630-0.147-14.58%-3.06
−142023-01-160.9615-0.049-4.84%-1.01
−72023-01-230.9878-0.023-2.23%-0.47
−32023-01-30same print as T01.0100.0000.00%0.00
−12023-01-30same print as T01.0100.0000.00%0.00
T02023-01-30same print as T01.0100.0000.00%0.00
+12023-02-060.9637-0.047-4.61%-0.97
+32023-02-060.9637-0.047-4.61%-0.97
+72023-02-060.9637-0.047-4.61%-0.97
+142023-02-130.9142-0.096-9.51%-2.00
+302023-03-060.9010-0.109-10.82%-2.27
+602023-04-030.8987-0.112-11.05%-2.32
+902023-05-010.8243-0.186-18.41%-3.86

One volatility unit for this series is 4.77%, the standard deviation of its own week-on-week percentage changes over the three years before the event (149 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.9480.6822023-01-02: 0.7077 € per litre, used for offsets −302023-01-16: 0.8564 € per litre, used for offsets −142023-01-23: 0.8927 € per litre, used for offsets −7same print as T0 — 2023-01-30, 0.9199 € per litre, used for offsets −3, −1, T02023-02-06: 0.9169 € per litre, used for offsets +1, +3, +72023-02-13: 0.8952 € per litre, used for offsets +142023-03-06: 0.8803 € per litre, used for offsets +302023-04-03: 0.9221 € per litre, used for offsets +602023-05-01: 0.9010 € 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
−302023-01-020.7077-0.212-23.06%-5.08
−142023-01-160.8564-0.063-6.90%-1.52
−72023-01-230.8927-0.027-2.95%-0.65
−32023-01-30same print as T00.91990.0000.00%0.00
−12023-01-30same print as T00.91990.0000.00%0.00
T02023-01-30same print as T00.91990.0000.00%0.00
+12023-02-060.9169-0.003-0.32%-0.07
+32023-02-060.9169-0.003-0.32%-0.07
+72023-02-060.9169-0.003-0.32%-0.07
+142023-02-130.8952-0.025-2.68%-0.59
+302023-03-060.8803-0.040-4.30%-0.95
+602023-04-030.9221+0.002+0.24%+0.05
+902023-05-010.9010-0.019-2.05%-0.45

One volatility unit for this series is 4.54%, the standard deviation of its own week-on-week percentage changes over the three years before the event (149 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.9370.8912023-01-02: 0.9035 € per litre, used for offsets −302023-01-16: 0.9231 € per litre, used for offsets −142023-01-23: 0.9284 € per litre, used for offsets −7same print as T0 — 2023-01-30, 0.9329 € per litre, used for offsets −3, −1, T02023-02-06: 0.9236 € per litre, used for offsets +1, +3, +72023-02-13: 0.9136 € per litre, used for offsets +142023-03-06: 0.9110 € per litre, used for offsets +302023-04-03: 0.9105 € per litre, used for offsets +602023-05-01: 0.8957 € 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
−302023-01-020.9035-0.029-3.15%-3.35
−142023-01-160.9231-0.010-1.05%-1.12
−72023-01-230.9284-0.005-0.48%-0.51
−32023-01-30same print as T00.93290.0000.00%0.00
−12023-01-30same print as T00.93290.0000.00%0.00
T02023-01-30same print as T00.93290.0000.00%0.00
+12023-02-060.9236-0.009-1.00%-1.06
+32023-02-060.9236-0.009-1.00%-1.06
+72023-02-060.9236-0.009-1.00%-1.06
+142023-02-130.9136-0.019-2.06%-2.20
+302023-03-060.9110-0.022-2.34%-2.50
+602023-04-030.9105-0.022-2.39%-2.55
+902023-05-010.8957-0.037-3.99%-4.25

One volatility unit for this series is 0.94%, the standard deviation of its own week-on-week percentage changes over the three years before the event (149 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+901.0190.9662023-01-02: 0.9711 € per litre, used for offsets −302023-01-16: 1.001 € per litre, used for offsets −142023-01-23: 1.008 € per litre, used for offsets −7same print as T0 — 2023-01-30, 1.014 € per litre, used for offsets −3, −1, T02023-02-06: 1.013 € per litre, used for offsets +1, +3, +72023-02-13: 1.009 € per litre, used for offsets +142023-03-06: 1.006 € per litre, used for offsets +302023-04-03: 1.014 € per litre, used for offsets +602023-05-01: 1.010 € 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
−302023-01-020.9711-0.042-4.19%-6.00
−142023-01-161.001-0.013-1.25%-1.80
−72023-01-231.008-0.005-0.54%-0.77
−32023-01-30same print as T01.0140.0000.00%0.00
−12023-01-30same print as T01.0140.0000.00%0.00
T02023-01-30same print as T01.0140.0000.00%0.00
+12023-02-061.013-0.001-0.06%-0.08
+32023-02-061.013-0.001-0.06%-0.08
+72023-02-061.013-0.001-0.06%-0.08
+142023-02-131.009-0.005-0.49%-0.70
+302023-03-061.006-0.008-0.78%-1.12
+602023-04-031.014+0.000+0.04%+0.06
+902023-05-011.010-0.004-0.37%-0.53

One volatility unit for this series is 0.70%, the standard deviation of its own week-on-week percentage changes over the three years before the event (149 changes). It is not a significance test.

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

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9064.8217.192023-01-06: 52.91 $ per barrel, used for offsets −302023-01-20: 60.21 $ per barrel, used for offsets −142023-01-27: 51.77 $ per barrel, used for offsets −72023-02-02: 42.91 $ per barrel, used for offsets −3same print as T0 — 2023-02-03, 39.25 $ per barrel, used for offsets −1, T02023-02-06: 37.12 $ per barrel, used for offsets +12023-02-08: 38.01 $ per barrel, used for offsets +32023-02-10: 35.25 $ per barrel, used for offsets +72023-02-17: 32.10 $ per barrel, used for offsets +142023-03-06: 36.23 $ per barrel, used for offsets +302023-04-06: 26.92 $ per barrel, used for offsets +602023-05-05: 21.80 $ 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.

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
−302023-01-0652.91+13.654+34.78%+3.54
−142023-01-2060.21+20.954+53.38%+5.43
−72023-01-2751.77+12.516+31.88%+3.24
−32023-02-0242.91+3.656+9.31%+0.95
−12023-02-03same print as T039.250.0000.00%0.00
T02023-02-03same print as T039.250.0000.00%0.00
+12023-02-0637.12-2.134-5.44%-0.55
+32023-02-0838.01-1.246-3.17%-0.32
+72023-02-1035.25-4.006-10.21%-1.04
+142023-02-1732.10-7.152-18.22%-1.85
+302023-03-0636.23-3.020-7.69%-0.78
+602023-04-0626.92-12.330-31.41%-3.19
+902023-05-0521.80-17.454-44.46%-4.52

One volatility unit for this series is 9.83%, the standard deviation of its own day-on-day percentage changes over the three years before the event (735 changes). It is not a significance test.

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

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9035.3121.572023-01-06: 23.63 $ per barrel, used for offsets −302023-01-20: 27.78 $ per barrel, used for offsets −142023-01-27: 27.70 $ per barrel, used for offsets −72023-02-02: 26.70 $ per barrel, used for offsets −3same print as T0 — 2023-02-03, 24.34 $ per barrel, used for offsets −1, T02023-02-06: 25.32 $ per barrel, used for offsets +12023-02-08: 25.07 $ per barrel, used for offsets +32023-02-10: 25.04 $ per barrel, used for offsets +72023-02-17: 22.90 $ per barrel, used for offsets +142023-03-06: 25.19 $ per barrel, used for offsets +302023-04-06: 33.98 $ per barrel, used for offsets +602023-05-05: 27.39 $ 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.

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
−302023-01-0623.63-0.710-2.92%-0.02
−142023-01-2027.78+3.440+14.13%+0.08
−72023-01-2727.70+3.360+13.80%+0.08
−32023-02-0226.70+2.354+9.67%+0.05
−12023-02-03same print as T024.340.0000.00%0.00
T02023-02-03same print as T024.340.0000.00%0.00
+12023-02-0625.32+0.974+4.00%+0.02
+32023-02-0825.07+0.728+2.99%+0.02
+72023-02-1025.04+0.698+2.87%+0.02
+142023-02-1722.90-1.440-5.92%-0.03
+302023-03-0625.19+0.844+3.47%+0.02
+602023-04-0633.98+9.636+39.58%+0.22
+902023-05-0527.39+3.042+12.50%+0.07

One volatility unit for this series is 182.66%, the standard deviation of its own day-on-day percentage changes over the three years before the event (735 changes). It is not a significance test.

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

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9085.086.882023-01-06: 57.61 $ per barrel, used for offsets −302023-01-20: 77.51 $ per barrel, used for offsets −142023-01-27: 73.74 $ per barrel, used for offsets −72023-02-02: 35.06 $ per barrel, used for offsets −3same print as T0 — 2023-02-03, 29.38 $ per barrel, used for offsets −1, T02023-02-06: 32.50 $ per barrel, used for offsets +12023-02-08: 37.04 $ per barrel, used for offsets +32023-02-10: 31.97 $ per barrel, used for offsets +72023-02-17: 24.75 $ per barrel, used for offsets +142023-03-06: 37.16 $ per barrel, used for offsets +302023-04-06: 19.15 $ per barrel, used for offsets +602023-05-05: 14.45 $ 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.

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
−302023-01-0657.61+28.228+96.07%+0.54
−142023-01-2077.51+48.128+163.79%+0.93
−72023-01-2773.74+44.352+150.94%+0.85
−32023-02-0235.06+5.672+19.30%+0.11
−12023-02-03same print as T029.380.0000.00%0.00
T02023-02-03same print as T029.380.0000.00%0.00
+12023-02-0632.50+3.116+10.60%+0.06
+32023-02-0837.04+7.658+26.06%+0.15
+72023-02-1031.97+2.588+8.81%+0.05
+142023-02-1724.75-4.632-15.76%-0.09
+302023-03-0637.16+7.774+26.46%+0.15
+602023-04-0619.15-10.230-34.81%-0.20
+902023-05-0514.45-14.934-50.82%-0.29

One volatility unit for this series is 176.64%, the standard deviation of its own day-on-day percentage changes over the three years before the event (735 changes). It is not a significance test.

Not available: licence-blocked

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

Arabian Gulf to north-west Europe dirty tanker rate

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

13 offsets in the window are affected.

EU refined-product benchmark

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

13 offsets in the window are affected.

EU refined-product benchmark

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

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

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

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

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

13 offsets in the window are affected.

wholesale / rack price

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

13 offsets in the window are affected.

wholesale / rack price

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

13 offsets in the window are affected.

Not available: reason not classified

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

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

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

13 offsets in the window are affected.

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

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

13 offsets in the window are affected.

Source
European Commission, Directorate-General for Energy (DG ENER)Unknown
Period 2023-01Updated 2026-09-25 14:09 UTCConfidenceUnknownMethodologyDownload CSV

T0 is 2023-02-05. 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 Russian refined petroleum products (in force 5 February 2023) 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 Russian refined petroleum products (in force 5 February 2023), 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 only
0–13.87 % of imported tonnes at +30 d (2023-03) · no midpoint
Direct product exposure (D2)Share of imported refined product whose route requires the Strait of Hormuz.Range only
10.38–24.56 % of imported tonnes at +30 d (2023-03) · 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.Observed
95.00 days of cover at +30 d (published 2023-03-01)-5.94% from the level at T0 = -1.13 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed
85.86 $ per barrel at +30 d (published 2023-03-06)+8.89% from the level at T0 = +1.96 volatility units
Refined-product benchmarkThe quoted product price refineries and wholesalers price against.UnavailableEU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.
Refining marginWhat refining a barrel into this product earned.UnavailableNo published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.
Freight ratesWhat it cost to ship the cargo.UnavailableTanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.
InventoriesStocks held, which absorb or amplify a supply change.Observed
18,274,000 tonnes at +30 d (published 2023-03-01)-11.99% from the level at T0 = -5.30 volatility units
Wholesale pricesThe price between the refinery gate and the forecourt.UnavailableWholesale / rack price series are proprietary with no redistribution grant.
Pump price before taxThe pump price with excise, VAT and other fuel taxes stripped out.Observed
0.9010 € per litre at +30 d (published 2023-03-06)-10.82% from the level at T0 = -2.27 volatility units
Pump price with taxWhat a driver actually paid.Observed
1.812 € per litre at +30 d (published 2023-03-06)-6.75% from the level at T0 = -2.41 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, 2023-01-29 to 2023-03-07 →

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: France, 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.

2023-02-272023-05-01-30-20-10010c/L since the anchor week
  • Actual pre-tax change(official prices)
  • What crude alone would have done(calculated, with range)
  • Shaded: not explained by crude(not attributed to any cause)

Changes are measured from the bulletin week of 2023-01-30. Crude response taken from the stored pass-through estimate over the most recent three-year window (2023-09-25 to 2026-09-14). The light band is a conservative range, not a 90% interval. The shaded area is not explained by crude: refining margins, freight, retail margins and model error are all inside it, and none is named as its cause.

  • Over the 4 weeks after EU import ban on Russian refined petroleum products (in force 5 February 2023), crude costs alone would have moved France's pre-tax petrol price by +0.5 c/L (range -0.8–+1.9); it actually moved -3.0 c/L, leaving -3.5 c/L not explained by crude.
  • Over the 13 weeks after EU import ban on Russian refined petroleum products (in force 5 February 2023), crude costs alone would have moved France's pre-tax petrol price by +1.5 c/L (range -4.6–+7.7); it actually moved -1.9 c/L, leaving -3.4 c/L not explained by crude.

What the numbers support, sentence by sentence

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

  1. In the 7 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's pre-tax petrol price moved -0.3%, which is 0.1 times its normal week-to-week variation over the previous three years — within that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.91692
    status
    OBSERVED
    country
    France
    z_score
    5.1050054354542045
    t0_value
    0.91989
    fuel_type
    EURO_SUPER_95
    change_pct
    -0.3228646903434137
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    7
    series_code
    RETAIL_PRETAX_FR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-02-06
    same_observation
    false
    volatility_units
    -0.07107512622308926
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.002970000000000028
    change_pct_from_t0
    -0.3228646903434137
    observation_gap_days
    6
    normal_volatility_pct
    4.542583425459029
    change_in_volatility_units
    -0.07107512622308926
    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
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.91692
    status
    OBSERVED
    country
    France
    z_score
    5.1050054354542045
    t0_value
    0.91989
    fuel_type
    EURO_SUPER_95
    change_pct
    -0.3228646903434137
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-06
    same_observation
    false
    volatility_units
    -0.07107512622308926
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.002970000000000028
    change_pct_from_t0
    -0.3228646903434137
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    4.542583425459029
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.07107512622308926

    Template event.price_move.within_normal v1.1 · Fingerprint a2ee3807b66c3a4340ee7be46c29fb2d3832742b0ae1fe176220245a0848bf0e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  2. In the 30 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's pre-tax petrol price moved -4.3%, which is 0.9 times its normal week-to-week variation over the previous three years — within that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.8803200000000001
    status
    OBSERVED
    country
    France
    z_score
    4.117456301128416
    t0_value
    0.91989
    fuel_type
    EURO_SUPER_95
    change_pct
    -4.3016012784137105
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    30
    series_code
    RETAIL_PRETAX_FR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-03-06
    same_observation
    false
    volatility_units
    -0.9469504190732683
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.03956999999999988
    change_pct_from_t0
    -4.3016012784137105
    observation_gap_days
    1
    normal_volatility_pct
    4.542583425459029
    change_in_volatility_units
    -0.9469504190732683
    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
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.8803200000000001
    status
    OBSERVED
    country
    France
    z_score
    4.117456301128416
    t0_value
    0.91989
    fuel_type
    EURO_SUPER_95
    change_pct
    -4.3016012784137105
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-03-06
    same_observation
    false
    volatility_units
    -0.9469504190732683
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.03956999999999988
    change_pct_from_t0
    -4.3016012784137105
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    4.542583425459029
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.9469504190732683

    Template event.price_move.within_normal v1.1 · Fingerprint b1792adf46d4f554ff7198d3f731f729f1da6450073cc7fca994601e8b778f4a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  3. In the 90 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's pre-tax petrol price moved -2.1%, which is 0.5 times its normal week-to-week variation over the previous three years — within that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.90102
    status
    OBSERVED
    country
    France
    z_score
    4.675988188574969
    t0_value
    0.91989
    fuel_type
    EURO_SUPER_95
    change_pct
    -2.0513322245050976
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    90
    series_code
    RETAIL_PRETAX_FR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-05-01
    same_observation
    false
    volatility_units
    -0.4515783272153796
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.018869999999999942
    change_pct_from_t0
    -2.0513322245050976
    observation_gap_days
    5
    normal_volatility_pct
    4.542583425459029
    change_in_volatility_units
    -0.4515783272153796
    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
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.90102
    status
    OBSERVED
    country
    France
    z_score
    4.675988188574969
    t0_value
    0.91989
    fuel_type
    EURO_SUPER_95
    change_pct
    -2.0513322245050976
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-05-01
    same_observation
    false
    volatility_units
    -0.4515783272153796
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.018869999999999942
    change_pct_from_t0
    -2.0513322245050976
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    4.542583425459029
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.4515783272153796

    Template event.price_move.within_normal v1.1 · Fingerprint 6d477b440a2b54a6b48ed69125fbfaeb095bec527a22c7b6fc8d949f208f7a5c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  4. In the 7 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's tax-inclusive petrol price moved -0.2%, which is 0.1 times its normal week-to-week variation over the previous three years — within that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.92986
    status
    OBSERVED
    country
    France
    z_score
    5.104796794145578
    t0_value
    1.9334300000000002
    fuel_type
    EURO_SUPER_95
    change_pct
    -0.18464594011680252
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    7
    series_code
    RETAIL_INCLTAX_FR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-02-06
    same_observation
    false
    volatility_units
    -0.07924554908737422
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.003570000000000295
    change_pct_from_t0
    -0.18464594011680252
    observation_gap_days
    6
    normal_volatility_pct
    2.3300480877887084
    change_in_volatility_units
    -0.07924554908737422
    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
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.92986
    status
    OBSERVED
    country
    France
    z_score
    5.104796794145578
    t0_value
    1.9334300000000002
    fuel_type
    EURO_SUPER_95
    change_pct
    -0.18464594011680252
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-06
    same_observation
    false
    volatility_units
    -0.07924554908737422
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.003570000000000295
    change_pct_from_t0
    -0.18464594011680252
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    2.3300480877887084
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.07924554908737422

    Template event.price_move.within_normal v1.1 · Fingerprint 87d5bdfeab6f3a98cf6fdd3c3b6e60abb3f87f1d9250691eea5b9a5a20e796f0 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  5. In the 30 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's tax-inclusive petrol price moved -2.5%, which is 1.1 times its normal week-to-week variation over the previous three years — within that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.88595
    status
    OBSERVED
    country
    France
    z_score
    4.117494502727053
    t0_value
    1.9334300000000002
    fuel_type
    EURO_SUPER_95
    change_pct
    -2.4557392820014265
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    30
    series_code
    RETAIL_INCLTAX_FR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-03-06
    same_observation
    false
    volatility_units
    -1.0539436052291964
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.04748000000000019
    change_pct_from_t0
    -2.4557392820014265
    observation_gap_days
    1
    normal_volatility_pct
    2.3300480877887084
    change_in_volatility_units
    -1.0539436052291964
    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
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.88595
    status
    OBSERVED
    country
    France
    z_score
    4.117494502727053
    t0_value
    1.9334300000000002
    fuel_type
    EURO_SUPER_95
    change_pct
    -2.4557392820014265
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-03-06
    same_observation
    false
    volatility_units
    -1.0539436052291964
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.04748000000000019
    change_pct_from_t0
    -2.4557392820014265
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    2.3300480877887084
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.0539436052291964

    Template event.price_move.within_normal v1.1 · Fingerprint 67f24aa0a5d4e37a877167ae13b5349b3e45b08dcf478dee507c1e18ea003c7f · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  6. In the 90 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's tax-inclusive petrol price moved -1.2%, which is 0.5 times its normal week-to-week variation over the previous three years — within that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.91079
    status
    OBSERVED
    country
    France
    z_score
    4.676013949751335
    t0_value
    1.9334300000000002
    fuel_type
    EURO_SUPER_95
    change_pct
    -1.1709759339619337
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    90
    series_code
    RETAIL_INCLTAX_FR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-05-01
    same_observation
    false
    volatility_units
    -0.5025544065372608
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.022640000000000216
    change_pct_from_t0
    -1.1709759339619337
    observation_gap_days
    5
    normal_volatility_pct
    2.3300480877887084
    change_in_volatility_units
    -0.5025544065372608
    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
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.91079
    status
    OBSERVED
    country
    France
    z_score
    4.676013949751335
    t0_value
    1.9334300000000002
    fuel_type
    EURO_SUPER_95
    change_pct
    -1.1709759339619337
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-05-01
    same_observation
    false
    volatility_units
    -0.5025544065372608
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.022640000000000216
    change_pct_from_t0
    -1.1709759339619337
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    2.3300480877887084
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.5025544065372608

    Template event.price_move.within_normal v1.1 · Fingerprint e54f4fa7668916d1bb68d87fe7d8cd48ac6652e54bf6fbf6d74492c8a725a266 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  7. In the 7 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's pre-tax diesel price moved -4.6%, which is 1.0 times its normal week-to-week variation over the previous three years — within that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.96372
    status
    OBSERVED
    country
    France
    z_score
    1.4561674733927532
    t0_value
    1.01032
    fuel_type
    DIESEL
    change_pct
    -4.6124000316731415
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    7
    series_code
    RETAIL_PRETAX_FR_DIESEL
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-02-06
    same_observation
    false
    volatility_units
    -0.9675281221597531
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.046600000000000086
    change_pct_from_t0
    -4.6124000316731415
    observation_gap_days
    6
    normal_volatility_pct
    4.7671999666295655
    change_in_volatility_units
    -0.9675281221597531
    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
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.96372
    status
    OBSERVED
    country
    France
    z_score
    1.4561674733927532
    t0_value
    1.01032
    fuel_type
    DIESEL
    change_pct
    -4.6124000316731415
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_DIESEL
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-06
    same_observation
    false
    volatility_units
    -0.9675281221597531
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.046600000000000086
    change_pct_from_t0
    -4.6124000316731415
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    4.7671999666295655
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.9675281221597531

    Template event.price_move.within_normal v1.1 · Fingerprint d56a7e641205ff6b59c9aed72aadca6b6caa9a293e332227fcbf1008a1d37a6f · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  8. In the 30 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's pre-tax diesel price moved -10.8%, which is 2.3 times its normal week-to-week variation over the previous three years — outside that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.90103
    status
    OBSERVED
    country
    France
    z_score
    0.18334066208500466
    t0_value
    1.01032
    fuel_type
    DIESEL
    change_pct
    -10.817364795312386
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    30
    series_code
    RETAIL_PRETAX_FR_DIESEL
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-03-06
    same_observation
    false
    volatility_units
    -2.269123357743333
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.10929000000000011
    change_pct_from_t0
    -10.817364795312386
    observation_gap_days
    1
    normal_volatility_pct
    4.7671999666295655
    change_in_volatility_units
    -2.269123357743333
    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
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.90103
    status
    OBSERVED
    country
    France
    z_score
    0.18334066208500466
    t0_value
    1.01032
    fuel_type
    DIESEL
    change_pct
    -10.817364795312386
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_DIESEL
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-03-06
    same_observation
    false
    volatility_units
    -2.269123357743333
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.10929000000000011
    change_pct_from_t0
    -10.817364795312386
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    4.7671999666295655
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.269123357743333

    Template event.price_move.outside_normal v1.1 · Fingerprint 471a69b6657b92161cacacf9d42c5ba182d59ce0a1ad08b7cce3296f02903da2 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  9. In the 90 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's pre-tax diesel price moved -18.4%, which is 3.9 times its normal week-to-week variation over the previous three years — outside that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.82432
    status
    OBSERVED
    country
    France
    z_score
    -1.3741413078530602
    t0_value
    1.01032
    fuel_type
    DIESEL
    change_pct
    -18.41000871011165
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    90
    series_code
    RETAIL_PRETAX_FR_DIESEL
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-05-01
    same_observation
    false
    volatility_units
    -3.861807526217034
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.18600000000000005
    change_pct_from_t0
    -18.41000871011165
    observation_gap_days
    5
    normal_volatility_pct
    4.7671999666295655
    change_in_volatility_units
    -3.861807526217034
    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
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    0.82432
    status
    OBSERVED
    country
    France
    z_score
    -1.3741413078530602
    t0_value
    1.01032
    fuel_type
    DIESEL
    change_pct
    -18.41000871011165
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_DIESEL
    series_kind
    pre-tax
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-05-01
    same_observation
    false
    volatility_units
    -3.861807526217034
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.18600000000000005
    change_pct_from_t0
    -18.41000871011165
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    4.7671999666295655
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -3.861807526217034

    Template event.price_move.outside_normal v1.1 · Fingerprint ce1a4f2aed68bdc1232261db68d00f24d8ffcea8232e87900e5236ae20e096cf · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  10. In the 7 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's tax-inclusive diesel price moved -2.9%, which is 1.0 times its normal week-to-week variation over the previous three years — within that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.88727
    status
    OBSERVED
    country
    France
    z_score
    1.454234908742284
    t0_value
    1.9431800000000001
    fuel_type
    DIESEL
    change_pct
    -2.877242458238564
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    7
    series_code
    RETAIL_INCLTAX_FR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-02-06
    same_observation
    false
    volatility_units
    -1.0289635308574125
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.055910000000000126
    change_pct_from_t0
    -2.877242458238564
    observation_gap_days
    6
    normal_volatility_pct
    2.7962530954241123
    change_in_volatility_units
    -1.0289635308574125
    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
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.88727
    status
    OBSERVED
    country
    France
    z_score
    1.454234908742284
    t0_value
    1.9431800000000001
    fuel_type
    DIESEL
    change_pct
    -2.877242458238564
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-02-06
    same_observation
    false
    volatility_units
    -1.0289635308574125
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.055910000000000126
    change_pct_from_t0
    -2.877242458238564
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    6
    normal_volatility_pct
    2.7962530954241123
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.0289635308574125

    Template event.price_move.within_normal v1.1 · Fingerprint 50964dd865e6d82a7f4c9f3ad335e368b03014566b65aca5efc0f2ca3236b15e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  11. In the 30 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's tax-inclusive diesel price moved -6.7%, which is 2.4 times its normal week-to-week variation over the previous three years — outside that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.81204
    status
    OBSERVED
    country
    France
    z_score
    0.18134461403860405
    t0_value
    1.9431800000000001
    fuel_type
    DIESEL
    change_pct
    -6.748731460801369
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    30
    series_code
    RETAIL_INCLTAX_FR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-03-06
    same_observation
    false
    volatility_units
    -2.413490921778587
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.13114000000000003
    change_pct_from_t0
    -6.748731460801369
    observation_gap_days
    1
    normal_volatility_pct
    2.7962530954241123
    change_in_volatility_units
    -2.413490921778587
    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
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.81204
    status
    OBSERVED
    country
    France
    z_score
    0.18134461403860405
    t0_value
    1.9431800000000001
    fuel_type
    DIESEL
    change_pct
    -6.748731460801369
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-03-06
    same_observation
    false
    volatility_units
    -2.413490921778587
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.13114000000000003
    change_pct_from_t0
    -6.748731460801369
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    2.7962530954241123
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.413490921778587

    Template event.price_move.outside_normal v1.1 · Fingerprint 806a55c1f790f14360a1a88f86b23051d6e2830ebfdbceb022e160232ab1effa · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  12. In the 90 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), France's tax-inclusive diesel price moved -11.5%, which is 4.1 times its normal week-to-week variation over the previous three years — outside that range.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.71998
    status
    OBSERVED
    country
    France
    z_score
    -1.3763089886520903
    t0_value
    1.9431800000000001
    fuel_type
    DIESEL
    change_pct
    -11.486326536913722
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    90
    series_code
    RETAIL_INCLTAX_FR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    variation_label
    week-to-week
    observation_date
    2023-05-01
    same_observation
    false
    volatility_units
    -4.107756395767734
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.22320000000000007
    change_pct_from_t0
    -11.486326536913722
    observation_gap_days
    5
    normal_volatility_pct
    2.7962530954241123
    change_in_volatility_units
    -4.107756395767734
    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
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    1.71998
    status
    OBSERVED
    country
    France
    z_score
    -1.3763089886520903
    t0_value
    1.9431800000000001
    fuel_type
    DIESEL
    change_pct
    -11.486326536913722
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2023-05-01
    same_observation
    false
    volatility_units
    -4.107756395767734
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.22320000000000007
    change_pct_from_t0
    -11.486326536913722
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    2.7962530954241123
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -4.107756395767734

    Template event.price_move.outside_normal v1.1 · Fingerprint fa2662a3fb4cb784a80b89a78ef0b79b73a4642bed32a380a266a916dc4b731d · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  13. Over the 4 weeks after EU import ban on Russian refined petroleum products (in force 5 February 2023), crude costs alone would have moved France's pre-tax petrol price by +0.5 c/L (range -0.8–+1.9); it actually moved -3.0 c/L, leaving -3.5 c/L not explained by crude.

    about FranceCalculatedMedium
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    weeks
    4
    status
    COMPUTED
    country
    France
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    series_code
    CRUDE_ONLY_EXPECTED_FR_EURO_SUPER_95
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2023-02-27
    pass_through_k
    2
    proxy_from_date
    2023-01-30
    observation_date
    2023-02-27
    gap_eur_per_litre
    -0.03492766882650586
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2023-01-30
    actual_eur_per_litre
    -0.029889999999999972
    expected_eur_per_litre
    0.005037668826505883
    proxy_volatility_units
    -0.06928868336620317
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -3.1020000000000003
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    -0.00843923477097539
    expected_high_eur_per_litre
    0.018514572423986908
    proxy_normal_volatility_pct
    182.6569381415496
    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
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    weeks
    4
    status
    COMPUTED
    country
    France
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_FR_EURO_SUPER_95
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2023-02-27
    pass_through_k
    2
    proxy_from_date
    2023-01-30
    statement_topic
    event
    observation_date
    2023-02-27
    gap_eur_per_litre
    -0.03492766882650586
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2023-01-30
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    -0.029889999999999972
    expected_eur_per_litre
    0.005037668826505883
    proxy_volatility_units
    -0.06928868336620317
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -3.1020000000000003
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    -0.00843923477097539
    expected_high_eur_per_litre
    0.018514572423986908
    proxy_normal_volatility_pct
    182.6569381415496

    Template event.crude_only.computed v1.1 · Fingerprint 965d54af3d61e6326bfbfb0d33361e604b0dcdf3f7a23c6fd94208183bf0ab22 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  14. Over the 13 weeks after EU import ban on Russian refined petroleum products (in force 5 February 2023), crude costs alone would have moved France's pre-tax petrol price by +1.5 c/L (range -4.6–+7.7); it actually moved -1.9 c/L, leaving -3.4 c/L not explained by crude.

    about FranceCalculatedMedium
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    weeks
    13
    status
    COMPUTED
    country
    France
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    series_code
    CRUDE_ONLY_EXPECTED_FR_EURO_SUPER_95
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2023-04-28
    pass_through_k
    2
    proxy_from_date
    2023-01-30
    observation_date
    2023-05-01
    gap_eur_per_litre
    -0.03431227499789603
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2023-01-30
    actual_eur_per_litre
    -0.018869999999999942
    expected_eur_per_litre
    0.015442274997896095
    proxy_volatility_units
    0.11373887030970548
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    5.091999999999999
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    -0.04613969133276289
    expected_high_eur_per_litre
    0.07702424132855129
    proxy_normal_volatility_pct
    182.6569381415496
    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
    2023-02-05T00:00:00+00:00
    fuel
    petrol
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    weeks
    13
    status
    COMPUTED
    country
    France
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_FR_EURO_SUPER_95
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2023-04-28
    pass_through_k
    2
    proxy_from_date
    2023-01-30
    statement_topic
    event
    observation_date
    2023-05-01
    gap_eur_per_litre
    -0.03431227499789603
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2023-01-30
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    -0.018869999999999942
    expected_eur_per_litre
    0.015442274997896095
    proxy_volatility_units
    0.11373887030970548
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    5.091999999999999
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    -0.04613969133276289
    expected_high_eur_per_litre
    0.07702424132855129
    proxy_normal_volatility_pct
    182.6569381415496

    Template event.crude_only.computed v1.1 · Fingerprint d4d0dd5698b3bc80f0c7ba919b2e90fb4fe31b685dce96ee4028a6aac00542be · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  15. What crude costs alone would have done to France's pre-tax diesel price over the 4 weeks after EU import ban on Russian refined petroleum products (in force 5 February 2023) 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 FranceUnknownUnknown
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    weeks
    4
    status
    UNKNOWN
    country
    France
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    reason_code
    NO_COMPUTED_PASS_THROUGH_ESTIMATE
    series_code
    CRUDE_ONLY_EXPECTED_FR_DIESEL
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    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
    2023-02-05T00:00:00+00:00
    fuel
    diesel
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    weeks
    4
    status
    UNKNOWN
    country
    France
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR_DIESEL
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    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 396da0b3d9cdef9f0e7f61ccebece7f5935007f7d5d9168cc9cf968abc78eef3 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  16. Direct physical dependence on Hormuz-linked crude was moderate (4%–11%) for France in 2023-02. 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 FranceCalculatedMedium
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    band
    moderate
    unit
    % of imported tonnes
    period
    2023-02
    status
    NO_OBSERVATION
    country
    France
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    value_max_pct
    10.7061310782241
    value_min_pct
    3.70015856236786
    exposure_status
    RANGE_ONLY
    value_point_pct
    null
    observation_date
    2023-02-01
    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
    2023-02-05T00:00:00+00:00
    band
    moderate
    unit
    % of imported tonnes
    period
    2023-02
    status
    NO_OBSERVATION
    country
    France
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    FR
    country_name
    France
    country_slug
    france
    value_max_pct
    10.7061310782241
    value_min_pct
    3.70015856236786
    exposure_status
    RANGE_ONLY
    statement_topic
    hormuz
    value_point_pct
    null
    observation_date
    2023-02-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.range v1.1 · Fingerprint 48eeac54026fdbf0523dcbdf3e66eb1f6841ae312f7a5582563cc6344da5120e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  17. Direct physical dependence on Hormuz-linked refined product was moderate (11%–32%) for France in 2023-02. 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 FranceCalculatedMedium
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    band
    moderate
    unit
    % of imported tonnes
    period
    2023-02
    status
    NO_OBSERVATION
    country
    France
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    value_max_pct
    31.6965921582997
    value_min_pct
    10.8831073653353
    exposure_status
    RANGE_ONLY
    value_point_pct
    null
    observation_date
    2023-02-01
    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
    2023-02-05T00:00:00+00:00
    band
    moderate
    unit
    % of imported tonnes
    period
    2023-02
    status
    NO_OBSERVATION
    country
    France
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    FR
    country_name
    France
    country_slug
    france
    value_max_pct
    31.6965921582997
    value_min_pct
    10.8831073653353
    exposure_status
    RANGE_ONLY
    statement_topic
    hormuz
    value_point_pct
    null
    observation_date
    2023-02-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.range v1.1 · Fingerprint c0a409e3214d90bc7507ff96326ee820a6d4344d0dda1612a82199a76b6ee828 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  18. Available evidence does not show a physical supply reduction: France's reported crude imports in 2023-02 were +12.0% against the mean of the previous 12 months.

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    unit
    tonnes
    month
    2023-02
    country
    France
    change_pct
    12.046587376005533
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    partner_role
    ORIGIN
    value_tonnes
    3784000
    baseline_months
    12
    observation_date
    2023-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    3377166.6666666665
    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
    2023-02-05T00:00:00+00:00
    unit
    tonnes
    month
    2023-02
    country
    France
    change_pct
    12.046587376005533
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    FR
    country_name
    France
    country_slug
    france
    partner_role
    ORIGIN
    value_tonnes
    3784000
    baseline_months
    12
    statement_topic
    event
    observation_date
    2023-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    baseline_mean_tonnes
    3377166.6666666665
    study_calculation_version
    event_study-1.0

    Template event.supply.no_reduction v1.1 · Fingerprint 223cf5a4c81e9f063ca39210895b37700d0a438a8bf36c9fe4b05a98c7884047 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. In 2023-02, France's oil stocks stood 5.3% above their trailing 12-month mean, with 101.0 days of cover (as published).

    about FranceCalculatedOfficial
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    unit
    tonnes
    month
    2023-02
    status
    OBSERVED
    country
    France
    direction
    above
    siec_code
    O4000
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    holder_type
    STK_CL
    series_code
    INVENTORY_FR
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    days_of_cover
    101
    metric_status
    COMPUTED
    mom_change_pct
    -0.612704035230482
    observation_date
    2023-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    20763000
    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
    19726666.666666668
    level_vs_trailing_12m_pct
    5.253464008110848
    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
    5.253464008110848
    level_vs_trailing_12m_pct_shown
    5.3
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2023-02-05T00:00:00+00:00
    unit
    tonnes
    month
    2023-02
    status
    OBSERVED
    country
    France
    direction
    above
    siec_code
    O4000
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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_FR
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    days_of_cover
    101
    metric_status
    COMPUTED
    mom_change_pct
    -0.612704035230482
    statement_topic
    event
    observation_date
    2023-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    20763000
    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
    19726666.666666668
    level_vs_trailing_12m_pct
    5.253464008110848
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.above v1.1 · Fingerprint ed091b824e1fad9a6cc00c0e75a0f609b6eebc9651db5d8e3c7c9c1fdda0bb95 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  20. Summary of what can be checked here

    Only part of the chain can be checked for France around EU import ban on Russian refined petroleum products (in force 5 February 2023): 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 moderate (4–11%) 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 FranceUnknownUnknown
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    country
    France
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    country_iso2
    FR
    country_name
    France
    country_slug
    france
    dependence_band
    moderate
    dependence_range
    4–11%
    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
    2023-02-05T00:00:00+00:00
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    country
    France
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    FR
    country_name
    France
    country_slug
    france
    dependence_band
    moderate
    statement_topic
    event
    dependence_range
    4–11%
    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 c84754a083ed155171b02431b7a4113beac4fb627f5cc11c6c6cac2f973b716e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  21. In the 7 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), the Brent crude benchmark moved +8.4%, which is 1.8 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
    2023-02-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    85.46
    status
    OBSERVED
    z_score
    0.08812991325524933
    t0_value
    78.85
    benchmark
    Brent crude
    change_pct
    8.383005707038683
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    7
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2023-02-10
    same_observation
    false
    volatility_units
    1.8495435613044966
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    6.609999999999999
    change_pct_from_t0
    8.383005707038683
    observation_gap_days
    2
    normal_volatility_pct
    4.532472704306617
    change_in_volatility_units
    1.8495435613044966
    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
    2023-02-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    85.46
    status
    OBSERVED
    z_score
    0.08812991325524933
    t0_value
    78.85
    benchmark
    Brent crude
    change_pct
    8.383005707038683
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    2023-02-10
    same_observation
    false
    volatility_units
    1.8495435613044966
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    6.609999999999999
    change_pct_from_t0
    8.383005707038683
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    4.532472704306617
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.8495435613044966

    Template event.benchmark_move.within_normal v1.1 · Fingerprint 38adc5dea4321bbd49653a24f7c0174373d8aa5326085a6d6dbe425d5975e73b · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  22. In the 30 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), the Brent crude benchmark moved +8.9%, which is 2.0 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
    2023-02-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    85.86
    status
    OBSERVED
    z_score
    0.1507166248435324
    t0_value
    78.85
    benchmark
    Brent crude
    change_pct
    8.890298034242239
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    30
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2023-03-06
    same_observation
    false
    volatility_units
    1.9614675287056775
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    7.010000000000005
    change_pct_from_t0
    8.890298034242239
    observation_gap_days
    1
    normal_volatility_pct
    4.532472704306617
    change_in_volatility_units
    1.9614675287056775
    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
    2023-02-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    85.86
    status
    OBSERVED
    z_score
    0.1507166248435324
    t0_value
    78.85
    benchmark
    Brent crude
    change_pct
    8.890298034242239
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    2023-03-06
    same_observation
    false
    volatility_units
    1.9614675287056775
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    7.010000000000005
    change_pct_from_t0
    8.890298034242239
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    4.532472704306617
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.9614675287056775

    Template event.benchmark_move.within_normal v1.1 · Fingerprint 0da9031a475f48ba9492ce0f26d02ef4b075756fb5a3ed508e2b5f1ea86c489b · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  23. In the 90 days after EU import ban on Russian refined petroleum products (in force 5 February 2023), the Brent crude benchmark moved -3.8%, which is 0.8 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
    2023-02-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    75.85
    status
    OBSERVED
    z_score
    -1.4155158326532304
    t0_value
    78.85
    benchmark
    Brent crude
    change_pct
    -3.804692454026633
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    event_type
    EMBARGO
    offset_days
    90
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2023-05-05
    same_observation
    false
    volatility_units
    -0.8394297555088486
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    -3
    change_pct_from_t0
    -3.804692454026633
    observation_gap_days
    1
    normal_volatility_pct
    4.532472704306617
    change_in_volatility_units
    -0.8394297555088486
    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
    2023-02-05T00:00:00+00:00
    unit
    $/BBL
    event
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    value
    75.85
    status
    OBSERVED
    z_score
    -1.4155158326532304
    t0_value
    78.85
    benchmark
    Brent crude
    change_pct
    -3.804692454026633
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    2023-05-05
    same_observation
    false
    volatility_units
    -0.8394297555088486
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    -3
    change_pct_from_t0
    -3.804692454026633
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    4.532472704306617
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.8394297555088486

    Template event.benchmark_move.within_normal v1.1 · Fingerprint 956c15054a5318a99cfc9c833555e8d3f8ac980a1c014dbf655e5357d300335e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    2023-02-05T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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 298ab38a71e7fa1e827846158174e16f115ed958766d0a18618b16aa877096e8 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    2023-02-05T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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 0a3ee8f8627510915169cd9a2eaa4452fa0806bd90c55f8208323cb6b271bea9 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    2023-02-05T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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 b5b761de3451d820e679168f99a9b0a6cadccd3d87b852d57da6f18bc2de3e6c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2023-02-05T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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
    2023-02-05T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    EU import ban on Russian refined petroleum products (in force 5 February 2023)
    event_slug
    eu-russia-products-embargo-2023
    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 e9796ff5d8838330a75be8298f9f4cd8c4fea863574dbd933141d0a1f568d3c6 · 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.

France: 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.