Fuel Origin

Events / War

Russian invasion of Ukraine (24 February 2022)

Dates
2022-02-24 → no end date recorded
Dated to
the day
Status
Ongoing
Scope
Ukraine

What the sources said

European Council, special meeting of 24 February 2022, document EUCO 18/22: "European Council conclusions on Russia's unprovoked and unjustified military aggression against Ukraine"; "The European Council condemns in the strongest possible terms the Russian Federation's unprovoked and unjustified military aggression against Ukraine." The conclusions are dated and headed 24 February 2022, which is the date recorded here. This row is a timeline marker only; it makes no statement about prices.

IEA, EIA, European Commission, European Council and national legislators (cited per row)Official
Retrieved 2026-09-23 07:22 UTCRevision 1
Source documents (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.

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

260 published readings, 0 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
T0−30−14T0+14+30+60+90126.785.52022-01-25: 89.49 $ per barrel, used for offsets −302022-02-10: 96.37 $ per barrel, used for offsets −142022-02-17: 95.28 $ per barrel, used for offsets −72022-02-21: 98.95 $ per barrel, used for offsets −32022-02-23: 99.29 $ per barrel, used for offsets −1same print as T0 — 2022-02-24, 101.3 $ per barrel, used for offsets T02022-02-25: 98.56 $ per barrel, used for offsets +1, +32022-03-03: 115.4 $ per barrel, used for offsets +72022-03-10: 114.5 $ per barrel, used for offsets +142022-03-25: 122.7 $ per barrel, used for offsets +302022-04-25: 99.27 $ per barrel, used for offsets +602022-05-25: 116.4 $ 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
−302022-01-2589.49-11.800-11.65%-2.69
−142022-02-1096.37-4.920-4.86%-1.12
−72022-02-1795.28-6.010-5.93%-1.37
−32022-02-2198.95-2.340-2.31%-0.53
−12022-02-2399.29-2.000-1.97%-0.46
T02022-02-24same print as T0101.30.0000.00%0.00
+12022-02-2598.56-2.730-2.70%-0.62
+32022-02-2598.56-2.730-2.70%-0.62
+72022-03-03115.4+14.070+13.89%+3.20
+142022-03-10114.5+13.250+13.08%+3.02
+302022-03-25122.7+21.380+21.11%+4.87
+602022-04-2599.27-2.020-1.99%-0.46
+902022-05-25116.4+15.120+14.93%+3.44

One volatility unit for this series is 4.34%, the standard deviation of its own day-on-day percentage changes over the three years before the event (767 changes). It is not a significance test.

reported crude oil imports, all origins

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30−14T0+14+30+60+90898,360646,6402022-01-01: 671,000 tonnes, used for offsets −30same print as T0 — 2022-02-01, 874,000 tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 870,000 tonnes, used for offsets +7, +14, +302022-04-01: 748,000 tonnes, used for offsets +602022-05-01: 806,000 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
−302022-01-01671,000-203,000-23.23%-0.63
−142022-02-01same print as T0874,0000.0000.00%0.00
−72022-02-01same print as T0874,0000.0000.00%0.00
−32022-02-01same print as T0874,0000.0000.00%0.00
−12022-02-01same print as T0874,0000.0000.00%0.00
T02022-02-01same print as T0874,0000.0000.00%0.00
+12022-02-01same print as T0874,0000.0000.00%0.00
+32022-02-01same print as T0874,0000.0000.00%0.00
+72022-03-01870,000-4,000-0.46%-0.01
+142022-03-01870,000-4,000-0.46%-0.01
+302022-03-01870,000-4,000-0.46%-0.01
+602022-04-01748,000-126,000-14.42%-0.39
+902022-05-01806,000-68,000-7.78%-0.21

One volatility unit for this series is 36.65%, the standard deviation of its own month-on-month percentage changes over the three years before the event (34 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+901.3430.7312022-01-24: 0.7899 € per litre, used for offsets −302022-02-07: 0.8161 € per litre, used for offsets −142022-02-14: 0.8274 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.8397 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.9358 € per litre, used for offsets +72022-03-07: 0.9886 € per litre, used for offsets +142022-03-21: 1.107 € per litre, used for offsets +302022-04-25: 1.187 € per litre, used for offsets +602022-05-23: 1.284 € per litre, used for offsets +90

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

Window table for crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.7899-0.050-5.93%-0.00
−142022-02-070.8161-0.024-2.81%-0.00
−72022-02-140.8274-0.012-1.46%-0.00
−32022-02-21same print as T00.83970.0000.00%0.00
−12022-02-21same print as T00.83970.0000.00%0.00
T02022-02-21same print as T00.83970.0000.00%0.00
+12022-02-21same print as T00.83970.0000.00%0.00
+32022-02-21same print as T00.83970.0000.00%0.00
+72022-02-280.9358+0.096+11.44%+0.01
+142022-03-070.9886+0.149+17.73%+0.01
+302022-03-211.107+0.268+31.89%+0.01
+602022-04-251.187+0.347+41.37%+0.02
+902022-05-231.284+0.444+52.91%+0.02

One volatility unit for this series is 2,156.71%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

ECB euro foreign exchange reference rate

Unit: US dollars per euroPublished: dailyCalculatedOfficial
T0−30−14T0+14+30+60+901.1531.0562022-01-25: 1.127 US dollars per euro, used for offsets −302022-02-10: 1.144 US dollars per euro, used for offsets −142022-02-17: 1.137 US dollars per euro, used for offsets −72022-02-21: 1.134 US dollars per euro, used for offsets −32022-02-23: 1.134 US dollars per euro, used for offsets −1same print as T0 — 2022-02-24, 1.116 US dollars per euro, used for offsets T02022-02-25: 1.122 US dollars per euro, used for offsets +1, +32022-03-03: 1.108 US dollars per euro, used for offsets +72022-03-10: 1.108 US dollars per euro, used for offsets +142022-03-25: 1.100 US dollars per euro, used for offsets +302022-04-25: 1.075 US dollars per euro, used for offsets +602022-05-25: 1.066 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
−302022-01-251.127+0.011+0.94%+2.37
−142022-02-101.144+0.028+2.47%+6.23
−72022-02-171.137+0.021+1.85%+4.67
−32022-02-211.134+0.017+1.57%+3.95
−12022-02-231.134+0.018+1.62%+4.09
T02022-02-24same print as T01.1160.0000.00%0.00
+12022-02-251.122+0.005+0.47%+1.20
+32022-02-251.122+0.005+0.47%+1.20
+72022-03-031.108-0.009-0.78%-1.96
+142022-03-101.108-0.008-0.71%-1.78
+302022-03-251.100-0.016-1.44%-3.64
+602022-04-251.075-0.042-3.74%-9.42
+902022-05-251.066-0.051-4.54%-11.45

One volatility unit for this series is 0.40%, the standard deviation of its own day-on-day percentage changes over the three years before the event (770 changes). It is not a significance test.

direct crude Hormuz exposure D1

Unit: % of imported tonnesPublished: monthlyCalculatedLow
T0−30−14T0+14+30+60+901.0000.0002022-01-01: 0 % of imported tonnes, used for offsets −30same print as T0 — 2022-02-01, 0 % of imported tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 0 % of imported tonnes, used for offsets +7, +14, +302022-04-01: 0 % of imported tonnes, used for offsets +602022-05-01: 0 % of imported tonnes, used for offsets +90

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

Window table for direct crude Hormuz exposure D1: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-0100.000not publishednot published
−142022-02-01same print as T000.000not publishednot published
−72022-02-01same print as T000.000not publishednot published
−32022-02-01same print as T000.000not publishednot published
−12022-02-01same print as T000.000not publishednot published
T02022-02-01same print as T000.000not publishednot published
+12022-02-01same print as T000.000not publishednot published
+32022-02-01same print as T000.000not publishednot published
+72022-03-0100.000not publishednot published
+142022-03-0100.000not publishednot published
+302022-03-0100.000not publishednot published
+602022-04-0100.000not publishednot published
+902022-05-0100.000not publishednot published

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

direct refined-product Hormuz exposure D2

Unit: % of imported tonnesPublished: monthlyCalculatedLow
T0−30−14T0+14+30+60+903.8100.0002022-01-01: 0 % of imported tonnes, used for offsets −30same print as T0 — 2022-02-01, 0 % of imported tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 0 % of imported tonnes, used for offsets +7, +14, +302022-04-01: 0 % of imported tonnes, used for offsets +602022-05-01: 3.401 % of imported tonnes, used for offsets +90

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

Window table for direct refined-product Hormuz exposure D2: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-0100.000not publishednot published
−142022-02-01same print as T000.000not publishednot published
−72022-02-01same print as T000.000not publishednot published
−32022-02-01same print as T000.000not publishednot published
−12022-02-01same print as T000.000not publishednot published
T02022-02-01same print as T000.000not publishednot published
+12022-02-01same print as T000.000not publishednot published
+32022-02-01same print as T000.000not publishednot published
+72022-03-0100.000not publishednot published
+142022-03-0100.000not publishednot published
+302022-03-0100.000not publishednot published
+602022-04-0100.000not publishednot published
+902022-05-013.401+3.401not publishednot published

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

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

Unit: days of coverPublished: monthlyCalculatedOfficial
T0−30−14T0+14+30+60+90200.6194.42022-01-01: 200.0 days of cover, used for offsets −30same print as T0 — 2022-02-01, 200.0 days of cover, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 197.0 days of cover, used for offsets +7, +14, +302022-04-01: 198.0 days of cover, used for offsets +602022-05-01: 195.0 days of cover, used for offsets +90

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

Window table for inventory exposure D7: published days of emergency stock cover, carried through: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-01200.00.0000.00%0.00
−142022-02-01same print as T0200.00.0000.00%0.00
−72022-02-01same print as T0200.00.0000.00%0.00
−32022-02-01same print as T0200.00.0000.00%0.00
−12022-02-01same print as T0200.00.0000.00%0.00
T02022-02-01same print as T0200.00.0000.00%0.00
+12022-02-01same print as T0200.00.0000.00%0.00
+32022-02-01same print as T0200.00.0000.00%0.00
+72022-03-01197.0-3.000-1.50%-0.24
+142022-03-01197.0-3.000-1.50%-0.24
+302022-03-01197.0-3.000-1.50%-0.24
+602022-04-01198.0-2.000-1.00%-0.16
+902022-05-01195.0-5.000-2.50%-0.39

One volatility unit for this series is 6.36%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+900.7310.4812022-01-24: 0.5049 € per litre, used for offsets −302022-02-07: 0.5307 € per litre, used for offsets −142022-02-14: 0.5419 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.5541 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.6491 € per litre, used for offsets +72022-03-07: 0.7014 € per litre, used for offsets +142022-03-21: 0.7064 € per litre, used for offsets +302022-04-25: 0.6165 € per litre, used for offsets +602022-05-23: 0.6922 € per litre, used for offsets +90

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

Window table for crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled): value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.5049-0.049-8.88%-1.15
−142022-02-070.5307-0.023-4.22%-0.55
−72022-02-140.5419-0.012-2.19%-0.29
−32022-02-21same print as T00.55410.0000.00%0.00
−12022-02-21same print as T00.55410.0000.00%0.00
T02022-02-21same print as T00.55410.0000.00%0.00
+12022-02-21same print as T00.55410.0000.00%0.00
+32022-02-21same print as T00.55410.0000.00%0.00
+72022-02-280.6491+0.095+17.15%+2.23
+142022-03-070.7014+0.147+26.58%+3.45
+302022-03-210.7064+0.152+27.49%+3.57
+602022-04-250.6165+0.062+11.26%+1.46
+902022-05-230.6922+0.138+24.93%+3.24

One volatility unit for this series is 7.69%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+900.7310.4812022-01-24: 0.5049 € per litre, used for offsets −302022-02-07: 0.5307 € per litre, used for offsets −142022-02-14: 0.5419 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.5541 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.6491 € per litre, used for offsets +72022-03-07: 0.7014 € per litre, used for offsets +142022-03-21: 0.7064 € per litre, used for offsets +302022-04-25: 0.6165 € per litre, used for offsets +602022-05-23: 0.6922 € per litre, used for offsets +90

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

Window table for crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled): value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.5049-0.049-8.88%-1.15
−142022-02-070.5307-0.023-4.22%-0.55
−72022-02-140.5419-0.012-2.19%-0.29
−32022-02-21same print as T00.55410.0000.00%0.00
−12022-02-21same print as T00.55410.0000.00%0.00
T02022-02-21same print as T00.55410.0000.00%0.00
+12022-02-21same print as T00.55410.0000.00%0.00
+32022-02-21same print as T00.55410.0000.00%0.00
+72022-02-280.6491+0.095+17.15%+2.23
+142022-03-070.7014+0.147+26.58%+3.45
+302022-03-210.7064+0.152+27.49%+3.57
+602022-04-250.6165+0.062+11.26%+1.46
+902022-05-230.6922+0.138+24.93%+3.24

One volatility unit for this series is 7.69%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

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

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30−14T0+14+30+60+905,363,6404,592,3602022-01-01: 4,667,000 tonnes, used for offsets −30same print as T0 — 2022-02-01, 4,970,000 tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 5,136,000 tonnes, used for offsets +7, +14, +302022-04-01: 5,263,000 tonnes, used for offsets +602022-05-01: 5,289,000 tonnes, used for offsets +90

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

Window table for national total oil stocks (Eurostat, commercial holders), with the published days of cover alongside: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-014,667,000-303,000-6.10%-1.52
−142022-02-01same print as T04,970,0000.0000.00%0.00
−72022-02-01same print as T04,970,0000.0000.00%0.00
−32022-02-01same print as T04,970,0000.0000.00%0.00
−12022-02-01same print as T04,970,0000.0000.00%0.00
T02022-02-01same print as T04,970,0000.0000.00%0.00
+12022-02-01same print as T04,970,0000.0000.00%0.00
+32022-02-01same print as T04,970,0000.0000.00%0.00
+72022-03-015,136,000+166,000+3.34%+0.83
+142022-03-015,136,000+166,000+3.34%+0.83
+302022-03-015,136,000+166,000+3.34%+0.83
+602022-04-015,263,000+293,000+5.90%+1.47
+902022-05-015,289,000+319,000+6.42%+1.60

One volatility unit for this series is 4.02%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30−14T0+14+30+60+900.034-0.1772022-01-24: 0.0135 € per litre, used for offsets −302022-02-07: -0.0014 € per litre, used for offsets −142022-02-14: 0.0058 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: -0.0751 € per litre, used for offsets +72022-03-07: -0.0215 € per litre, used for offsets +142022-03-21: -0.1121 € per litre, used for offsets +302022-04-25: -0.1563 € per litre, used for offsets +602022-05-23: -0.0951 € per litre, used for offsets +90

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

Window table for not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.0135+0.013not publishednot published
−142022-02-07-0.0014-0.001not publishednot published
−72022-02-140.0058+0.006not publishednot published
−32022-02-21same print as T000.000not publishednot published
−12022-02-21same print as T000.000not publishednot published
T02022-02-21same print as T000.000not publishednot published
+12022-02-21same print as T000.000not publishednot published
+32022-02-21same print as T000.000not publishednot published
+72022-02-28-0.0751-0.075not publishednot published
+142022-03-07-0.0215-0.021not publishednot published
+302022-03-21-0.1121-0.112not publishednot published
+602022-04-25-0.1563-0.156not publishednot published
+902022-05-23-0.0951-0.095not publishednot published

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

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+902.2921.7522022-01-24: 1.804 € per litre, used for offsets −302022-02-07: 1.829 € per litre, used for offsets −142022-02-14: 1.852 € per litre, used for offsets −7same print as T0 — 2022-02-21, 1.862 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 1.880 € per litre, used for offsets +72022-03-07: 2.031 € per litre, used for offsets +142022-03-21: 2.215 € per litre, used for offsets +302022-04-25: 2.198 € per litre, used for offsets +602022-05-23: 2.240 € per litre, used for offsets +90

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

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-241.804-0.058-3.11%-2.05
−142022-02-071.829-0.033-1.77%-1.17
−72022-02-141.852-0.010-0.54%-0.35
−32022-02-21same print as T01.8620.0000.00%0.00
−12022-02-21same print as T01.8620.0000.00%0.00
T02022-02-21same print as T01.8620.0000.00%0.00
+12022-02-21same print as T01.8620.0000.00%0.00
+32022-02-21same print as T01.8620.0000.00%0.00
+72022-02-281.880+0.018+0.97%+0.64
+142022-03-072.031+0.169+9.08%+5.98
+302022-03-212.215+0.353+18.96%+12.48
+602022-04-252.198+0.336+18.05%+11.88
+902022-05-232.240+0.378+20.30%+13.37

One volatility unit for this series is 1.52%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+902.4271.8352022-01-24: 1.892 € per litre, used for offsets −302022-02-07: 1.906 € per litre, used for offsets −142022-02-14: 1.929 € per litre, used for offsets −7same print as T0 — 2022-02-21, 1.937 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 1.963 € per litre, used for offsets +72022-03-07: 2.095 € per litre, used for offsets +142022-03-21: 2.130 € per litre, used for offsets +302022-04-25: 2.174 € per litre, used for offsets +602022-05-23: 2.370 € per litre, used for offsets +90

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

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-241.892-0.045-2.32%-1.37
−142022-02-071.906-0.031-1.60%-0.94
−72022-02-141.929-0.008-0.41%-0.24
−32022-02-21same print as T01.9370.0000.00%0.00
−12022-02-21same print as T01.9370.0000.00%0.00
T02022-02-21same print as T01.9370.0000.00%0.00
+12022-02-21same print as T01.9370.0000.00%0.00
+32022-02-21same print as T01.9370.0000.00%0.00
+72022-02-281.963+0.026+1.34%+0.79
+142022-03-072.095+0.158+8.16%+4.81
+302022-03-212.130+0.193+9.96%+5.88
+602022-04-252.174+0.237+12.24%+7.22
+902022-05-232.370+0.433+22.35%+13.18

One volatility unit for this series is 1.70%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+901.3380.9022022-01-24: 0.9443 € per litre, used for offsets −302022-02-07: 0.9645 € per litre, used for offsets −142022-02-14: 0.9830 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.9911 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 1.006 € per litre, used for offsets +72022-03-07: 1.127 € per litre, used for offsets +142022-03-21: 1.276 € per litre, used for offsets +302022-04-25: 1.262 € per litre, used for offsets +602022-05-23: 1.296 € per litre, used for offsets +90

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

Window table for Weekly Oil Bulletin price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.9443-0.047-4.72%-1.75
−142022-02-070.9645-0.027-2.68%-0.99
−72022-02-140.9830-0.008-0.81%-0.30
−32022-02-21same print as T00.99110.0000.00%0.00
−12022-02-21same print as T00.99110.0000.00%0.00
T02022-02-21same print as T00.99110.0000.00%0.00
+12022-02-21same print as T00.99110.0000.00%0.00
+32022-02-21same print as T00.99110.0000.00%0.00
+72022-02-281.006+0.015+1.47%+0.54
+142022-03-071.127+0.136+13.75%+5.09
+302022-03-211.276+0.285+28.72%+10.63
+602022-04-251.262+0.271+27.34%+10.12
+902022-05-231.296+0.305+30.76%+11.38

One volatility unit for this series is 2.70%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+901.2350.7572022-01-24: 0.8034 € per litre, used for offsets −302022-02-07: 0.8147 € per litre, used for offsets −142022-02-14: 0.8332 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.8397 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.8607 € per litre, used for offsets +72022-03-07: 0.9671 € per litre, used for offsets +142022-03-21: 0.9953 € per litre, used for offsets +302022-04-25: 1.031 € per litre, used for offsets +602022-05-23: 1.189 € per litre, used for offsets +90

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

Window table for Weekly Oil Bulletin price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.8034-0.036-4.32%-1.07
−142022-02-070.8147-0.025-2.98%-0.74
−72022-02-140.8332-0.006-0.77%-0.19
−32022-02-21same print as T00.83970.0000.00%0.00
−12022-02-21same print as T00.83970.0000.00%0.00
T02022-02-21same print as T00.83970.0000.00%0.00
+12022-02-21same print as T00.83970.0000.00%0.00
+32022-02-21same print as T00.83970.0000.00%0.00
+72022-02-280.8607+0.021+2.50%+0.62
+142022-03-070.9671+0.127+15.17%+3.75
+302022-03-210.9953+0.156+18.54%+4.59
+602022-04-251.031+0.191+22.76%+5.63
+902022-05-231.189+0.349+41.59%+10.29

One volatility unit for this series is 4.04%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+900.9540.8502022-01-24: 0.8597 € per litre, used for offsets −302022-02-07: 0.8645 € per litre, used for offsets −142022-02-14: 0.8690 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.8709 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.8744 € per litre, used for offsets +72022-03-07: 0.9036 € per litre, used for offsets +142022-03-21: 0.9392 € per litre, used for offsets +302022-04-25: 0.9359 € per litre, used for offsets +602022-05-23: 0.9441 € per litre, used for offsets +90

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

Window table for total tax per litre: price with taxes minus price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-240.8597-0.011-1.29%-1.38
−142022-02-070.8645-0.006-0.73%-0.79
−72022-02-140.8690-0.002-0.22%-0.24
−32022-02-21same print as T00.87090.0000.00%0.00
−12022-02-21same print as T00.87090.0000.00%0.00
T02022-02-21same print as T00.87090.0000.00%0.00
+12022-02-21same print as T00.87090.0000.00%0.00
+32022-02-21same print as T00.87090.0000.00%0.00
+72022-02-280.8744+0.003+0.40%+0.43
+142022-03-070.9036+0.033+3.76%+4.03
+302022-03-210.9392+0.068+7.84%+8.42
+602022-04-250.9359+0.065+7.47%+8.01
+902022-05-230.9441+0.073+8.40%+9.01

One volatility unit for this series is 0.93%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30−14T0+14+30+60+901.1921.0772022-01-24: 1.089 € per litre, used for offsets −302022-02-07: 1.091 € per litre, used for offsets −142022-02-14: 1.096 € per litre, used for offsets −7same print as T0 — 2022-02-21, 1.097 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 1.102 € per litre, used for offsets +72022-03-07: 1.128 € per litre, used for offsets +142022-03-21: 1.135 € per litre, used for offsets +302022-04-25: 1.143 € per litre, used for offsets +602022-05-23: 1.181 € per litre, used for offsets +90

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

Window table for total tax per litre: price with taxes minus price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-241.089-0.009-0.79%-1.07
−142022-02-071.091-0.006-0.55%-0.74
−72022-02-141.096-0.002-0.14%-0.19
−32022-02-21same print as T01.0970.0000.00%0.00
−12022-02-21same print as T01.0970.0000.00%0.00
T02022-02-21same print as T01.0970.0000.00%0.00
+12022-02-21same print as T01.0970.0000.00%0.00
+32022-02-21same print as T01.0970.0000.00%0.00
+72022-02-281.102+0.005+0.46%+0.62
+142022-03-071.128+0.031+2.79%+3.76
+302022-03-211.135+0.037+3.40%+4.60
+602022-04-251.143+0.046+4.18%+5.65
+902022-05-231.181+0.084+7.64%+10.32

One volatility unit for this series is 0.74%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

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

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30−14T0+14+30+60+9087.3712.822022-01-25: 22.61 $ per barrel, used for offsets −302022-02-10: 25.09 $ per barrel, used for offsets −142022-02-17: 23.41 $ per barrel, used for offsets −72022-02-18: 21.50 $ per barrel, used for offsets −32022-02-23: 20.03 $ per barrel, used for offsets −1same print as T0 — 2022-02-24, 20.76 $ per barrel, used for offsets T02022-02-25: 22.06 $ per barrel, used for offsets +1, +32022-03-03: 37.39 $ per barrel, used for offsets +72022-03-10: 30.44 $ per barrel, used for offsets +142022-03-25: 55.41 $ per barrel, used for offsets +302022-04-25: 80.15 $ per barrel, used for offsets +602022-05-25: 54.28 $ 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
−302022-01-2522.61+1.846+8.89%+1.05
−142022-02-1025.09+4.332+20.87%+2.47
−72022-02-1723.41+2.650+12.76%+1.51
−32022-02-1821.50+0.742+3.57%+0.42
−12022-02-2320.03-0.730-3.52%-0.42
T02022-02-24same print as T020.760.0000.00%0.00
+12022-02-2522.06+1.302+6.27%+0.74
+32022-02-2522.06+1.302+6.27%+0.74
+72022-03-0337.39+16.632+80.11%+9.48
+142022-03-1030.44+9.682+46.63%+5.52
+302022-03-2555.41+34.648+166.88%+19.75
+602022-04-2580.15+59.392+286.06%+33.85
+902022-05-2554.28+33.516+161.43%+19.10

One volatility unit for this series is 8.45%, the standard deviation of its own day-on-day percentage changes over the three years before the event (751 changes). It is not a significance test.

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

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30−14T0+14+30+60+9051.418.992022-01-25: 15.43 $ per barrel, used for offsets −302022-02-10: 17.95 $ per barrel, used for offsets −142022-02-17: 18.67 $ per barrel, used for offsets −72022-02-18: 19.03 $ per barrel, used for offsets −32022-02-23: 17.39 $ per barrel, used for offsets −1same print as T0 — 2022-02-24, 17.36 $ per barrel, used for offsets T02022-02-25: 18.28 $ per barrel, used for offsets +1, +32022-03-03: 18.33 $ per barrel, used for offsets +72022-03-10: 13.10 $ per barrel, used for offsets +142022-03-25: 16.69 $ per barrel, used for offsets +302022-04-25: 36.43 $ per barrel, used for offsets +602022-05-25: 47.31 $ 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
−302022-01-2515.43-1.934-11.14%-0.06
−142022-02-1017.95+0.594+3.42%+0.02
−72022-02-1718.67+1.306+7.52%+0.04
−32022-02-1819.03+1.666+9.60%+0.05
−12022-02-2317.39+0.026+0.15%+0.00
T02022-02-24same print as T017.360.0000.00%0.00
+12022-02-2518.28+0.924+5.32%+0.03
+32022-02-2518.28+0.924+5.32%+0.03
+72022-03-0318.33+0.966+5.56%+0.03
+142022-03-1013.10-4.262-24.55%-0.14
+302022-03-2516.69-0.674-3.88%-0.02
+602022-04-2536.43+19.072+109.86%+0.61
+902022-05-2547.31+29.946+172.50%+0.95

One volatility unit for this series is 180.80%, the standard deviation of its own day-on-day percentage changes over the three years before the event (751 changes). It is not a significance test.

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

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30−14T0+14+30+60+9086.115.052022-01-25: 13.79 $ per barrel, used for offsets −302022-02-10: 16.48 $ per barrel, used for offsets −142022-02-17: 13.25 $ per barrel, used for offsets −72022-02-18: 12.98 $ per barrel, used for offsets −32022-02-23: 12.89 $ per barrel, used for offsets −1same print as T0 — 2022-02-24, 12.99 $ per barrel, used for offsets T02022-02-25: 14.50 $ per barrel, used for offsets +1, +32022-03-03: 23.95 $ per barrel, used for offsets +72022-03-10: 16.37 $ per barrel, used for offsets +142022-03-25: 37.98 $ per barrel, used for offsets +302022-04-25: 78.26 $ per barrel, used for offsets +602022-05-25: 40.71 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for US proxy - not a European price: US jet spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-01-2513.79+0.796+6.13%+0.04
−142022-02-1016.48+3.492+26.88%+0.15
−72022-02-1713.25+0.256+1.97%+0.01
−32022-02-1812.98-0.014-0.11%-0.00
−12022-02-2312.89-0.100-0.77%-0.00
T02022-02-24same print as T012.990.0000.00%0.00
+12022-02-2514.50+1.512+11.64%+0.07
+32022-02-2514.50+1.512+11.64%+0.07
+72022-03-0323.95+10.962+84.38%+0.48
+142022-03-1016.37+3.382+26.03%+0.15
+302022-03-2537.98+24.988+192.33%+1.10
+602022-04-2578.26+65.272+502.40%+2.88
+902022-05-2540.71+27.720+213.36%+1.22

One volatility unit for this series is 174.63%, the standard deviation of its own day-on-day percentage changes over the three years before the event (751 changes). It is not a significance test.

Not available: licence-blocked

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

Arabian Gulf to north-west Europe dirty tanker rate

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

13 offsets in the window are affected.

EU refined-product benchmark

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

13 offsets in the window are affected.

EU refined-product benchmark

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

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

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

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

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

13 offsets in the window are affected.

wholesale / rack price

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

13 offsets in the window are affected.

wholesale / rack price

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

13 offsets in the window are affected.

Not available: reason not classified

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

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

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

13 offsets in the window are affected.

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

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

13 offsets in the window are affected.

Source
European Commission, Directorate-General for Energy (DG ENER)Unknown
Period 2022-01Updated 2026-09-25 14:09 UTCConfidenceUnknownMethodologyDownload CSV

T0 is 2022-02-24. 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 Russian invasion of Ukraine (24 February 2022) really the reason?

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

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

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

Dimensions of exposure to Russian invasion of Ukraine (24 February 2022), each with its status and one published figure.
DimensionStatusPublished figure, or why there is none
Direct crude exposure (D1)Share of imported crude whose route requires the Strait of Hormuz.Observed0 % of imported tonnes at +30 d (published 2022-03-01)
Direct product exposure (D2)Share of imported refined product whose route requires the Strait of Hormuz.Observed0 % of imported tonnes at +30 d (published 2022-03-01)
Emergency stock cover (D7)Days of cover the published emergency stocks amount to. A buffer against a supply disruption, not a share of imports, and not a price channel.Observed197.0 days of cover at +30 d (published 2022-03-01)-1.50% from the level at T0 = -0.24 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed122.7 $ per barrel at +30 d (published 2022-03-25)+21.11% from the level at T0 = +4.87 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.Observed5,136,000 tonnes at +30 d (published 2022-03-01)+3.34% from the level at T0 = +0.83 volatility units
Wholesale pricesThe price between the refinery gate and the forecourt.UnavailableWholesale / rack price series are proprietary with no redistribution grant.
Pump price before taxThe pump price with excise, VAT and other fuel taxes stripped out.Observed1.276 € per litre at +30 d (published 2022-03-21)+28.72% from the level at T0 = +10.63 volatility units
Pump price with taxWhat a driver actually paid.Observed2.215 € per litre at +30 d (published 2022-03-21)+18.96% from the level at T0 = +12.48 volatility units

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

What the pump price did around this date

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

Price decomposition, 2022-02-17 to 2022-03-26 →

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: Finland, 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.

2022-03-142022-05-23-250255075c/L since the anchor week
  • Actual pre-tax change(official prices)
  • What crude alone would have done(calculated, with range)
  • Shaded: not explained by crude(not attributed to any cause)

Changes are measured from the bulletin week of 2022-02-21. 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 Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Finland's pre-tax petrol price by +26.8 c/L (range +10.5–+43.1); it actually moved +15.6 c/L, leaving -11.2 c/L not explained by crude.
  • Over the 13 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Finland's pre-tax petrol price by +44.4 c/L (range +14.5–+74.3); it actually moved +34.9 c/L, leaving -9.5 c/L not explained by crude.

What the numbers support, sentence by sentence

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

  1. In the 7 days after Russian invasion of Ukraine (24 February 2022), Finland's pre-tax petrol price moved +2.5%, which is 0.6 times its normal week-to-week variation over the previous three years — within that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    0.86065
    status
    OBSERVED
    country
    Finland
    z_score
    2.9646365826958063
    t0_value
    0.83969
    fuel_type
    EURO_SUPER_95
    change_pct
    2.496159296883371
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    7
    series_code
    RETAIL_PRETAX_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.6175422284114519
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.02095999999999998
    change_pct_from_t0
    2.496159296883371
    observation_gap_days
    3
    normal_volatility_pct
    4.042086811301019
    change_in_volatility_units
    0.6175422284114519
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    0.86065
    status
    OBSERVED
    country
    Finland
    z_score
    2.9646365826958063
    t0_value
    0.83969
    fuel_type
    EURO_SUPER_95
    change_pct
    2.496159296883371
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.6175422284114519
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.02095999999999998
    change_pct_from_t0
    2.496159296883371
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    4.042086811301019
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.6175422284114519

    Template event.price_move.within_normal v1.1 · Fingerprint 611985b67a96b5aee7760322d2fcf35ca5eb0b62a717a8fe448ae94042cf8051 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  2. In the 30 days after Russian invasion of Ukraine (24 February 2022), Finland's pre-tax petrol price moved +18.5%, which is 4.6 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    0.99533
    status
    OBSERVED
    country
    Finland
    z_score
    7.031372899023734
    t0_value
    0.83969
    fuel_type
    EURO_SUPER_95
    change_pct
    18.53541187819314
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    30
    series_code
    RETAIL_PRETAX_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    4.585604600665958
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.15564
    change_pct_from_t0
    18.53541187819314
    observation_gap_days
    5
    normal_volatility_pct
    4.042086811301019
    change_in_volatility_units
    4.585604600665958
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    0.99533
    status
    OBSERVED
    country
    Finland
    z_score
    7.031372899023734
    t0_value
    0.83969
    fuel_type
    EURO_SUPER_95
    change_pct
    18.53541187819314
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    4.585604600665958
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.15564
    change_pct_from_t0
    18.53541187819314
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    4.042086811301019
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    4.585604600665958

    Template event.price_move.outside_normal v1.1 · Fingerprint 19369b08dd0b3284fa59358b0a455926449d3e67eac8f59fafe1a98520436897 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  3. In the 90 days after Russian invasion of Ukraine (24 February 2022), Finland's pre-tax petrol price moved +41.6%, which is 10.3 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.1888800000000002
    status
    OBSERVED
    country
    Finland
    z_score
    12.875721087509556
    t0_value
    0.83969
    fuel_type
    EURO_SUPER_95
    change_pct
    41.58558515642679
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    90
    series_code
    RETAIL_PRETAX_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    10.288147458921525
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3491900000000001
    change_pct_from_t0
    41.58558515642679
    observation_gap_days
    2
    normal_volatility_pct
    4.042086811301019
    change_in_volatility_units
    10.288147458921525
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.1888800000000002
    status
    OBSERVED
    country
    Finland
    z_score
    12.875721087509556
    t0_value
    0.83969
    fuel_type
    EURO_SUPER_95
    change_pct
    41.58558515642679
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    10.288147458921525
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3491900000000001
    change_pct_from_t0
    41.58558515642679
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    4.042086811301019
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    10.288147458921525

    Template event.price_move.outside_normal v1.1 · Fingerprint 5a80d825739a2856645b66d448493bb94a7f191f4cbb6659312512f7d9925b8a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  4. In the 7 days after Russian invasion of Ukraine (24 February 2022), Finland's tax-inclusive petrol price moved +1.3%, which is 0.8 times its normal week-to-week variation over the previous three years — within that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.963
    status
    OBSERVED
    country
    Finland
    z_score
    2.964917324259795
    t0_value
    1.937
    fuel_type
    EURO_SUPER_95
    change_pct
    1.342281879194632
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    7
    series_code
    RETAIL_INCLTAX_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.7915834810824838
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.026000000000000023
    change_pct_from_t0
    1.342281879194632
    observation_gap_days
    3
    normal_volatility_pct
    1.6956921301074561
    change_in_volatility_units
    0.7915834810824838
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.963
    status
    OBSERVED
    country
    Finland
    z_score
    2.964917324259795
    t0_value
    1.937
    fuel_type
    EURO_SUPER_95
    change_pct
    1.342281879194632
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.7915834810824838
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.026000000000000023
    change_pct_from_t0
    1.342281879194632
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    1.6956921301074561
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.7915834810824838

    Template event.price_move.within_normal v1.1 · Fingerprint 1349636afd140d3798021d0d375e7cd149c8f8f175236205ee81a40757e3231e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  5. In the 30 days after Russian invasion of Ukraine (24 February 2022), Finland's tax-inclusive petrol price moved +10.0%, which is 5.9 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    2.13
    status
    OBSERVED
    country
    Finland
    z_score
    7.031785440492937
    t0_value
    1.937
    fuel_type
    EURO_SUPER_95
    change_pct
    9.963861641713981
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    30
    series_code
    RETAIL_INCLTAX_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    5.8759850711122725
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.19299999999999984
    change_pct_from_t0
    9.963861641713981
    observation_gap_days
    5
    normal_volatility_pct
    1.6956921301074561
    change_in_volatility_units
    5.8759850711122725
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    2.13
    status
    OBSERVED
    country
    Finland
    z_score
    7.031785440492937
    t0_value
    1.937
    fuel_type
    EURO_SUPER_95
    change_pct
    9.963861641713981
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    5.8759850711122725
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.19299999999999984
    change_pct_from_t0
    9.963861641713981
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.6956921301074561
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    5.8759850711122725

    Template event.price_move.outside_normal v1.1 · Fingerprint 657e3e55b59c8654a3db99af089003742a14ee859b3e8832faaa03a1e6c87688 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  6. In the 90 days after Russian invasion of Ukraine (24 February 2022), Finland's tax-inclusive petrol price moved +22.4%, which is 13.2 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    2.37
    status
    OBSERVED
    country
    Finland
    z_score
    12.876386326097466
    t0_value
    1.937
    fuel_type
    EURO_SUPER_95
    change_pct
    22.35415591120289
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    90
    series_code
    RETAIL_INCLTAX_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    13.18290951187366
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.43300000000000005
    change_pct_from_t0
    22.35415591120289
    observation_gap_days
    2
    normal_volatility_pct
    1.6956921301074561
    change_in_volatility_units
    13.18290951187366
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    2.37
    status
    OBSERVED
    country
    Finland
    z_score
    12.876386326097466
    t0_value
    1.937
    fuel_type
    EURO_SUPER_95
    change_pct
    22.35415591120289
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    13.18290951187366
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.43300000000000005
    change_pct_from_t0
    22.35415591120289
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.6956921301074561
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    13.18290951187366

    Template event.price_move.outside_normal v1.1 · Fingerprint c9ad12a0e367363123bdbfdb1b99eb003548b1e2c94251b3ad38420bd4fedebf · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  7. In the 7 days after Russian invasion of Ukraine (24 February 2022), Finland's pre-tax diesel price moved +1.5%, which is 0.5 times its normal week-to-week variation over the previous three years — within that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.0056100000000001
    status
    OBSERVED
    country
    Finland
    z_score
    2.609807265625488
    t0_value
    0.99109
    fuel_type
    DIESEL
    change_pct
    1.46505362782392
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    7
    series_code
    RETAIL_PRETAX_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.542177282262639
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.014520000000000088
    change_pct_from_t0
    1.46505362782392
    observation_gap_days
    3
    normal_volatility_pct
    2.7021671245794203
    change_in_volatility_units
    0.542177282262639
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.0056100000000001
    status
    OBSERVED
    country
    Finland
    z_score
    2.609807265625488
    t0_value
    0.99109
    fuel_type
    DIESEL
    change_pct
    1.46505362782392
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.542177282262639
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.014520000000000088
    change_pct_from_t0
    1.46505362782392
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    2.7021671245794203
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.542177282262639

    Template event.price_move.within_normal v1.1 · Fingerprint eae1e025750b7698833c082b5a23241a6cce4fad0318fa4a5127a4288fae66b0 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  8. In the 30 days after Russian invasion of Ukraine (24 February 2022), Finland's pre-tax diesel price moved +28.7%, which is 10.6 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.27577
    status
    OBSERVED
    country
    Finland
    z_score
    7.737509965647349
    t0_value
    0.99109
    fuel_type
    DIESEL
    change_pct
    28.72393021824456
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    30
    series_code
    RETAIL_PRETAX_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    10.629960655270464
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.28468000000000004
    change_pct_from_t0
    28.72393021824456
    observation_gap_days
    5
    normal_volatility_pct
    2.7021671245794203
    change_in_volatility_units
    10.629960655270464
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.27577
    status
    OBSERVED
    country
    Finland
    z_score
    7.737509965647349
    t0_value
    0.99109
    fuel_type
    DIESEL
    change_pct
    28.72393021824456
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    10.629960655270464
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.28468000000000004
    change_pct_from_t0
    28.72393021824456
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    2.7021671245794203
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    10.629960655270464

    Template event.price_move.outside_normal v1.1 · Fingerprint 8b748b3830121289ab8e962a06adbc8fe169784db326de8d24d49b9190255fc1 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  9. In the 90 days after Russian invasion of Ukraine (24 February 2022), Finland's pre-tax diesel price moved +30.8%, which is 11.4 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.29593
    status
    OBSERVED
    country
    Finland
    z_score
    8.120151683268167
    t0_value
    0.99109
    fuel_type
    DIESEL
    change_pct
    30.758054263487676
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    90
    series_code
    RETAIL_PRETAX_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    11.382735724858255
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.30484
    change_pct_from_t0
    30.758054263487676
    observation_gap_days
    2
    normal_volatility_pct
    2.7021671245794203
    change_in_volatility_units
    11.382735724858255
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.29593
    status
    OBSERVED
    country
    Finland
    z_score
    8.120151683268167
    t0_value
    0.99109
    fuel_type
    DIESEL
    change_pct
    30.758054263487676
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_DIESEL
    series_kind
    pre-tax
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    11.382735724858255
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.30484
    change_pct_from_t0
    30.758054263487676
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.7021671245794203
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    11.382735724858255

    Template event.price_move.outside_normal v1.1 · Fingerprint 0b0766dee6078b487b537b655e6505c682fdb0bb58b6f13df0fa0d2ff01511bc · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  10. In the 7 days after Russian invasion of Ukraine (24 February 2022), Finland's tax-inclusive diesel price moved +1.0%, which is 0.6 times its normal week-to-week variation over the previous three years — within that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.8800000000000001
    status
    OBSERVED
    country
    Finland
    z_score
    2.609829753107699
    t0_value
    1.862
    fuel_type
    DIESEL
    change_pct
    0.9667024704618697
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    7
    series_code
    RETAIL_INCLTAX_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.636559687119133
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.018000000000000016
    change_pct_from_t0
    0.9667024704618697
    observation_gap_days
    3
    normal_volatility_pct
    1.518636021135517
    change_in_volatility_units
    0.636559687119133
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    1.8800000000000001
    status
    OBSERVED
    country
    Finland
    z_score
    2.609829753107699
    t0_value
    1.862
    fuel_type
    DIESEL
    change_pct
    0.9667024704618697
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.636559687119133
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.018000000000000016
    change_pct_from_t0
    0.9667024704618697
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    1.518636021135517
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.636559687119133

    Template event.price_move.within_normal v1.1 · Fingerprint 1908ae251dafcf3c4acced60bba6b6a8aa0122c9d242fe144f5fa80310c21e50 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  11. In the 30 days after Russian invasion of Ukraine (24 February 2022), Finland's tax-inclusive diesel price moved +19.0%, which is 12.5 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    2.215
    status
    OBSERVED
    country
    Finland
    z_score
    7.737647743084695
    t0_value
    1.862
    fuel_type
    DIESEL
    change_pct
    18.958109559613305
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    30
    series_code
    RETAIL_INCLTAX_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    12.483642752947423
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.35299999999999976
    change_pct_from_t0
    18.958109559613305
    observation_gap_days
    5
    normal_volatility_pct
    1.518636021135517
    change_in_volatility_units
    12.483642752947423
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    2.215
    status
    OBSERVED
    country
    Finland
    z_score
    7.737647743084695
    t0_value
    1.862
    fuel_type
    DIESEL
    change_pct
    18.958109559613305
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    12.483642752947423
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.35299999999999976
    change_pct_from_t0
    18.958109559613305
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.518636021135517
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    12.483642752947423

    Template event.price_move.outside_normal v1.1 · Fingerprint a291160597a2027af2ed97e12ca820e5f2a4d888f421efb317b59b3e6d7b3456 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  12. In the 90 days after Russian invasion of Ukraine (24 February 2022), Finland's tax-inclusive diesel price moved +20.3%, which is 13.4 times its normal week-to-week variation over the previous three years — outside that range.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    2.24
    status
    OBSERVED
    country
    Finland
    z_score
    8.120320727411341
    t0_value
    1.862
    fuel_type
    DIESEL
    change_pct
    20.300751879699252
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    90
    series_code
    RETAIL_INCLTAX_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    13.367753429501784
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3780000000000001
    change_pct_from_t0
    20.300751879699252
    observation_gap_days
    2
    normal_volatility_pct
    1.518636021135517
    change_in_volatility_units
    13.367753429501784
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    2.24
    status
    OBSERVED
    country
    Finland
    z_score
    8.120320727411341
    t0_value
    1.862
    fuel_type
    DIESEL
    change_pct
    20.300751879699252
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    13.367753429501784
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.3780000000000001
    change_pct_from_t0
    20.300751879699252
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.518636021135517
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    13.367753429501784

    Template event.price_move.outside_normal v1.1 · Fingerprint 5e7985ca8b69986f82894ab66ae7150f5f668243f43693e135cb01aa21be9aa7 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  13. Over the 4 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Finland's pre-tax petrol price by +26.8 c/L (range +10.5–+43.1); it actually moved +15.6 c/L, leaving -11.2 c/L not explained by crude.

    about FinlandCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    4
    status
    COMPUTED
    country
    Finland
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    series_code
    CRUDE_ONLY_EXPECTED_FI_EURO_SUPER_95
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-03-21
    pass_through_k
    0
    proxy_from_date
    2022-02-18
    observation_date
    2022-03-21
    gap_eur_per_litre
    -0.11214126348731313
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.15564
    expected_eur_per_litre
    0.2677812634873131
    proxy_volatility_units
    -0.11680573781220037
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -4.018000000000001
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.10471609667516346
    expected_high_eur_per_litre
    0.43084643029946257
    proxy_normal_volatility_pct
    180.79993207863203
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    4
    status
    COMPUTED
    country
    Finland
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_EURO_SUPER_95
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-03-21
    pass_through_k
    0
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-03-21
    gap_eur_per_litre
    -0.11214126348731313
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.15564
    expected_eur_per_litre
    0.2677812634873131
    proxy_volatility_units
    -0.11680573781220037
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -4.018000000000001
    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
    0.10471609667516346
    expected_high_eur_per_litre
    0.43084643029946257
    proxy_normal_volatility_pct
    180.79993207863203

    Template event.crude_only.computed v1.1 · Fingerprint 2730bbeaebedc1660fab6b1239d79a407e6b395cf321100f7c0f5c7a1c09889a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  14. Over the 13 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Finland's pre-tax petrol price by +44.4 c/L (range +14.5–+74.3); it actually moved +34.9 c/L, leaving -9.5 c/L not explained by crude.

    about FinlandCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    13
    status
    COMPUTED
    country
    Finland
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    series_code
    CRUDE_ONLY_EXPECTED_FI_EURO_SUPER_95
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2022-05-23
    pass_through_k
    0
    proxy_from_date
    2022-02-18
    observation_date
    2022-05-23
    gap_eur_per_litre
    -0.09512313030441621
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.3491900000000001
    expected_eur_per_litre
    0.4443131303044163
    proxy_volatility_units
    0.8092678270821386
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    27.837999999999997
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.1454188778310852
    expected_high_eur_per_litre
    0.7432073827777455
    proxy_normal_volatility_pct
    180.79993207863203
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    petrol
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    13
    status
    COMPUTED
    country
    Finland
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_EURO_SUPER_95
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2022-05-23
    pass_through_k
    0
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-05-23
    gap_eur_per_litre
    -0.09512313030441621
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.3491900000000001
    expected_eur_per_litre
    0.4443131303044163
    proxy_volatility_units
    0.8092678270821386
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    27.837999999999997
    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
    0.1454188778310852
    expected_high_eur_per_litre
    0.7432073827777455
    proxy_normal_volatility_pct
    180.79993207863203

    Template event.crude_only.computed v1.1 · Fingerprint 9c90c7b9a7c4d4a63cb4c0601b173bdc2a24d04fadc0e369218ef954eb9014b1 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  15. What crude costs alone would have done to Finland's pre-tax diesel price over the 4 weeks after Russian invasion of Ukraine (24 February 2022) is UNKNOWN: Neither the most recent three-year pass-through window nor the full sample has a COMPUTED estimate for this country and fuel (docs/PRICE_MODEL.md §4.5), so there is no measured crude response to project. No substitute such as full pass-through is used (docs/PRICE_MODEL.md §7.2).

    about FinlandUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    4
    status
    UNKNOWN
    country
    Finland
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    reason_code
    NO_COMPUTED_PASS_THROUGH_ESTIMATE
    series_code
    CRUDE_ONLY_EXPECTED_FI_DIESEL
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    proxy_product
    null
    gap_eur_per_litre
    null
    actual_eur_per_litre
    null
    expected_eur_per_litre
    null
    proxy_volatility_units
    null
    proxy_change_usd_per_bbl
    null
    pass_through_window_label
    null
    expected_low_eur_per_litre
    null
    expected_high_eur_per_litre
    null
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    4
    status
    UNKNOWN
    country
    Finland
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI_DIESEL
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    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 fcd6b099d3cc655284afe86a583e1f0171048da143a57b5726fb8791035974cc · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  16. Direct physical dependence on Hormuz-linked crude was limited (0%) for Finland in 2022-02.

    about FinlandCalculatedLow
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Finland
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    value_point_pct
    0
    observation_date
    2022-02-01
    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
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Finland
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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
    FI
    country_name
    Finland
    country_slug
    finland
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    statement_topic
    hormuz
    value_point_pct
    0
    observation_date
    2022-02-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.point v1.1 · Fingerprint d3a640246f964d5504df36de281bdfcc353b01df667905b80667c435a31e697c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  17. Direct physical dependence on Hormuz-linked refined product was limited (0%) for Finland in 2022-02.

    about FinlandCalculatedLow
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Finland
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    value_point_pct
    0
    observation_date
    2022-02-01
    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
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Finland
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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
    FI
    country_name
    Finland
    country_slug
    finland
    value_max_pct
    0
    value_min_pct
    0
    exposure_status
    COMPUTED
    statement_topic
    hormuz
    value_point_pct
    0
    observation_date
    2022-02-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.point v1.1 · Fingerprint b04632c71327fc0d015d2a40b880f045486e2308355f30c86a583bf1e6fb9a86 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  18. Available evidence does not show a physical supply reduction: Finland's reported crude imports in 2022-02 were +35.4% against the mean of the previous 12 months.

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    country
    Finland
    change_pct
    35.3814379759907
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    partner_role
    ORIGIN
    value_tonnes
    874000
    baseline_months
    12
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    645583.3333333334
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no cut-off
    min_baseline_months
    6
    baseline_months_used
    12
    supply_reduction_pct
    -10
    supply_baseline_months
    12
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    country
    Finland
    change_pct
    35.3814379759907
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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
    FI
    country_name
    Finland
    country_slug
    finland
    partner_role
    ORIGIN
    value_tonnes
    874000
    baseline_months
    12
    statement_topic
    event
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    baseline_mean_tonnes
    645583.3333333334
    study_calculation_version
    event_study-1.0

    Template event.supply.no_reduction v1.1 · Fingerprint df2c4a9dcb68db421266779e3223eee2935c62557850c6940cf29e547b6212c9 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. In 2022-02, Finland's oil stocks stood 1.9% below their trailing 12-month mean — inside the 5% either side that this site reads as in line with it, with 200.0 days of cover (as published).

    about FinlandCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    status
    OBSERVED
    country
    Finland
    direction
    below
    siec_code
    O4000
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    holder_type
    STK_CL
    series_code
    INVENTORY_FI
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    days_of_cover
    200
    metric_status
    COMPUTED
    mom_change_pct
    6.492393400471395
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    4970000
    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
    23
    trailing_12m_mean_tonnes
    5066416.666666667
    level_vs_trailing_12m_pct
    -1.9030544270276495
    trailing_12m_observations
    12
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no band
    band_applied_to
    the rounded figure printed in the sentence
    days_of_cover_basis
    as published (Eurostat nrg_stk_oem, STK_EUE_DIR); never stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    trailing_window_months
    12
    level_vs_trailing_12m_pct_raw
    -1.9030544270276495
    level_vs_trailing_12m_pct_shown
    -1.9
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    status
    OBSERVED
    country
    Finland
    direction
    below
    siec_code
    O4000
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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_FI
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    days_of_cover
    200
    metric_status
    COMPUTED
    mom_change_pct
    6.492393400471395
    statement_topic
    event
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    4970000
    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
    23
    trailing_12m_mean_tonnes
    5066416.666666667
    level_vs_trailing_12m_pct
    -1.9030544270276495
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.in_line v1.1 · Fingerprint 4105f0e76d6ea5ffc822b87a2d20dac0c5d2dcee9e8e565204abb8f177e94006 · 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 Finland around Russian invasion of Ukraine (24 February 2022): 4 of the 8 series the method compares are available (crude benchmark, inventories, pre-tax pump price and pump price with tax), while refined-product benchmark, refining margin, freight rates and wholesale prices are not. Any claim that rests on the missing links cannot be tested here. Direct physical dependence on Hormuz-linked crude was limited (0–0%) 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 FinlandUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    event
    Russian invasion of Ukraine (24 February 2022)
    country
    Finland
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    FI
    country_name
    Finland
    country_slug
    finland
    dependence_band
    limited
    dependence_range
    0–0%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.no_reduction
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    Thresholds
    source
    v1 choice of this module; the channel list is docs/PRICE_MODEL.md §2.3
    channels_total
    8
    channels_available
    4
    verdict_partial_min_channels
    3
    verdict_assessable_min_channels
    8
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    event
    Russian invasion of Ukraine (24 February 2022)
    country
    Finland
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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
    FI
    country_name
    Finland
    country_slug
    finland
    dependence_band
    limited
    statement_topic
    event
    dependence_range
    0–0%
    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 3fb4a1453c8374c20dcd9f9826a20863fcb94a09d3394c246ac3af443671db50 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  21. In the 7 days after Russian invasion of Ukraine (24 February 2022), the Brent crude benchmark moved +13.9%, which is 3.2 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    115.36
    status
    OBSERVED
    z_score
    5.841150770454914
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    13.890808569454036
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    7
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2022-03-03
    same_observation
    false
    volatility_units
    3.203825480890899
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    14.069999999999993
    change_pct_from_t0
    13.890808569454036
    observation_gap_days
    0
    normal_volatility_pct
    4.335694516541323
    change_in_volatility_units
    3.203825480890899
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    115.36
    status
    OBSERVED
    z_score
    5.841150770454914
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    13.890808569454036
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2022-03-03
    same_observation
    false
    volatility_units
    3.203825480890899
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    14.069999999999993
    change_pct_from_t0
    13.890808569454036
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.335694516541323
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    3.203825480890899

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint 499e14f143cd15685ef1480ed3fa89cd45abe5f0647c7ec6a69249dfc87c1dd1 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  22. In the 30 days after Russian invasion of Ukraine (24 February 2022), the Brent crude benchmark moved +21.1%, which is 4.9 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    122.67
    status
    OBSERVED
    z_score
    6.996054504576924
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    21.107710534109977
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    30
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2022-03-25
    same_observation
    false
    volatility_units
    4.868357411616733
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    21.379999999999995
    change_pct_from_t0
    21.107710534109977
    observation_gap_days
    1
    normal_volatility_pct
    4.335694516541323
    change_in_volatility_units
    4.868357411616733
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    122.67
    status
    OBSERVED
    z_score
    6.996054504576924
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    21.107710534109977
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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
    2022-03-25
    same_observation
    false
    volatility_units
    4.868357411616733
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    21.379999999999995
    change_pct_from_t0
    21.107710534109977
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    4.335694516541323
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    4.868357411616733

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint 216049ee46b7aafc7c24ef4f74d592168c4ca36a76f9b7e30eb4f402126d0f04 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  23. In the 90 days after Russian invasion of Ukraine (24 February 2022), the Brent crude benchmark moved +14.9%, which is 3.4 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    116.41
    status
    OBSERVED
    z_score
    6.007039815711837
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    14.927436074637171
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    offset_days
    90
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2022-05-25
    same_observation
    false
    volatility_units
    3.4429169346887267
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    15.11999999999999
    change_pct_from_t0
    14.927436074637171
    observation_gap_days
    0
    normal_volatility_pct
    4.335694516541323
    change_in_volatility_units
    3.4429169346887267
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    $/BBL
    event
    Russian invasion of Ukraine (24 February 2022)
    value
    116.41
    status
    OBSERVED
    z_score
    6.007039815711837
    t0_value
    101.29
    benchmark
    Brent crude
    change_pct
    14.927436074637171
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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
    2022-05-25
    same_observation
    false
    volatility_units
    3.4429169346887267
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    15.11999999999999
    change_pct_from_t0
    14.927436074637171
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.335694516541323
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    3.4429169346887267

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint 3c4d928f0edacc86e86f81949df4a6221c6a157e987b0435ccf81af9f53e267c · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    reason_code
    NO_LICENSED_FREIGHT_SOURCE
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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 06b89c2e9e647323c15398c394cf050a39c9a42ef3b469967cce5fff091ed96a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    reason_code
    NO_LICENSED_PRODUCT_BENCHMARK
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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 eacf068451f42ad71340259d5f692acb03bf66b7a7d6f730ade5a819ff7d1005 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    reason_code
    NO_LICENSED_WHOLESALE_SERIES
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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 0a8ec24923eb853f8772aa729f8ec775267350a63bc1d8e64f27facfb62978a7 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    reason_code
    NO_REFINERY_MARGIN_SERIES
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    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 92e561b810be016411f6a7bbc96381cc8ebec1f6df6e0ae2fd7fc342f4dc1c9f · 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.

Finland: 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.