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.

Slovakia, Petrol (Euro-super 95). 15 series can be drawn; 4 cannot be seen at all and are shown as labelled empty panels below.

195 published readings, 0 offsets with nothing published within one period, and 52 offsets on series we cannot see at all. Every one of them is on this page.

Europe Brent spot FOB

Unit: $ per barrelPublished: dailyCalculatedOfficial
T0−30T0+30+60+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
T0−30T0+30+60+90558,891389,3522022-01-01: 472,869 tonnes, used for offsets −30same print as T0 — 2022-02-01, 464,748 tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 405,759 tonnes, used for offsets +7, +14, +302022-04-01: 542,484 tonnes, used for offsets +602022-05-01: 499,899 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
−302022-01-01472,869+8,121+1.75%+0.08
−142022-02-01same print as T0464,7480.0000.00%0.00
−72022-02-01same print as T0464,7480.0000.00%0.00
−32022-02-01same print as T0464,7480.0000.00%0.00
−12022-02-01same print as T0464,7480.0000.00%0.00
T02022-02-01same print as T0464,7480.0000.00%0.00
+12022-02-01same print as T0464,7480.0000.00%0.00
+32022-02-01same print as T0464,7480.0000.00%0.00
+72022-03-01405,759-58,989-12.69%-0.62
+142022-03-01405,759-58,989-12.69%-0.62
+302022-03-01405,759-58,989-12.69%-0.62
+602022-04-01542,484+77,736+16.73%+0.81
+902022-05-01499,899+35,151+7.56%+0.37

One volatility unit for this series is 20.58%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.8990.7092022-01-24: 0.7269 € per litre, used for offsets −302022-02-07: 0.7411 € per litre, used for offsets −142022-02-14: 0.7482 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.7547 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.7652 € per litre, used for offsets +72022-03-07: 0.8024 € per litre, used for offsets +142022-03-21: 0.8414 € per litre, used for offsets +302022-04-25: 0.8433 € per litre, used for offsets +602022-05-23: 0.8804 € 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
−302022-01-240.7269-0.028-3.68%-2.99
−142022-02-070.7411-0.014-1.81%-1.47
−72022-02-140.7482-0.006-0.86%-0.70
−32022-02-21same print as T00.75470.0000.00%0.00
−12022-02-21same print as T00.75470.0000.00%0.00
T02022-02-21same print as T00.75470.0000.00%0.00
+12022-02-21same print as T00.75470.0000.00%0.00
+32022-02-21same print as T00.75470.0000.00%0.00
+72022-02-280.7652+0.011+1.39%+1.14
+142022-03-070.8024+0.048+6.32%+5.15
+302022-03-210.8414+0.087+11.49%+9.36
+602022-04-250.8433+0.089+11.74%+9.57
+902022-05-230.8804+0.126+16.66%+13.57

One volatility unit for this series is 1.23%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

ECB euro foreign exchange reference rate

Unit: US dollars per euroPublished: dailyCalculatedOfficial
T0−30T0+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: monthlyCalculatedHigh
T0−30T0+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: monthlyCalculatedHigh
T0−30T0+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 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
+902022-05-0100.000not publishednot published

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

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

Unit: days of coverPublished: monthlyCalculatedOfficial
T0−30T0+30+60+90113.4102.62022-01-01: 108.0 days of cover, used for offsets −30same print as T0 — 2022-02-01, 108.0 days of cover, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 108.0 days of cover, used for offsets +7, +14, +302022-04-01: 108.0 days of cover, used for offsets +602022-05-01: 108.0 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
−302022-01-01108.00.0000.00%0.00
−142022-02-01same print as T0108.00.0000.00%0.00
−72022-02-01same print as T0108.00.0000.00%0.00
−32022-02-01same print as T0108.00.0000.00%0.00
−12022-02-01same print as T0108.00.0000.00%0.00
T02022-02-01same print as T0108.00.0000.00%0.00
+12022-02-01same print as T0108.00.0000.00%0.00
+32022-02-01same print as T0108.00.0000.00%0.00
+72022-03-01108.00.0000.00%0.00
+142022-03-01108.00.0000.00%0.00
+302022-03-01108.00.0000.00%0.00
+602022-04-01108.00.0000.00%0.00
+902022-05-01108.00.0000.00%0.00

One volatility unit for this series is 3.38%, 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: weeklyCalculatedMedium
T0−30T0+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
T0−30T0+30+60+901,649,3421,351,0572022-01-01: 1,379,923 tonnes, used for offsets −30same print as T0 — 2022-02-01, 1,394,564 tonnes, used for offsets −14, −7, −3, −1, T0, +1, +32022-03-01: 1,450,672 tonnes, used for offsets +7, +14, +302022-04-01: 1,543,825 tonnes, used for offsets +602022-05-01: 1,620,476 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
−302022-01-011,379,923-14,641-1.05%-0.37
−142022-02-01same print as T01,394,5640.0000.00%0.00
−72022-02-01same print as T01,394,5640.0000.00%0.00
−32022-02-01same print as T01,394,5640.0000.00%0.00
−12022-02-01same print as T01,394,5640.0000.00%0.00
T02022-02-01same print as T01,394,5640.0000.00%0.00
+12022-02-01same print as T01,394,5640.0000.00%0.00
+32022-02-01same print as T01,394,5640.0000.00%0.00
+72022-03-011,450,672+56,108+4.02%+1.41
+142022-03-011,450,672+56,108+4.02%+1.41
+302022-03-011,450,672+56,108+4.02%+1.41
+602022-04-011,543,825+149,261+10.70%+3.74
+902022-05-011,620,476+225,912+16.20%+5.66

One volatility unit for this series is 2.86%, the standard deviation of its own month-on-month percentage changes over the three years before the event (35 changes). It is not a significance test.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.089-0.0482022-01-24: -0.0214 € per litre, used for offsets −302022-02-07: -0.0205 € per litre, used for offsets −142022-02-14: -0.0102 € 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: -0.0047 € per litre, used for offsets +72022-03-07: -0.0344 € per litre, used for offsets +142022-03-21: 0.0316 € per litre, used for offsets +302022-04-25: 0.0280 € per litre, used for offsets +602022-05-23: 0.0759 € 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
−302022-01-24-0.0214-0.021not publishednot published
−142022-02-07-0.0205-0.021not publishednot published
−72022-02-14-0.0102-0.010not 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
+72022-02-28-0.0047-0.005not publishednot published
+142022-03-07-0.0344-0.034not publishednot published
+302022-03-210.0316+0.032not publishednot published
+602022-04-250.0280+0.028not publishednot published
+902022-05-230.0759+0.076not publishednot published

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

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+901.8361.4632022-01-24: 1.499 € per litre, used for offsets −302022-02-07: 1.517 € per litre, used for offsets −142022-02-14: 1.538 € per litre, used for offsets −7same print as T0 — 2022-02-21, 1.558 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 1.565 € per litre, used for offsets +72022-03-07: 1.574 € per litre, used for offsets +142022-03-21: 1.700 € per litre, used for offsets +302022-04-25: 1.698 € per litre, used for offsets +602022-05-23: 1.800 € 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
−302022-01-241.499-0.059-3.79%-3.05
−142022-02-071.517-0.041-2.63%-2.12
−72022-02-141.538-0.020-1.28%-1.03
−32022-02-21same print as T01.5580.0000.00%0.00
−12022-02-21same print as T01.5580.0000.00%0.00
T02022-02-21same print as T01.5580.0000.00%0.00
+12022-02-21same print as T01.5580.0000.00%0.00
+32022-02-21same print as T01.5580.0000.00%0.00
+72022-02-281.565+0.007+0.45%+0.36
+142022-03-071.574+0.016+1.03%+0.83
+302022-03-211.700+0.142+9.11%+7.34
+602022-04-251.698+0.140+8.99%+7.23
+902022-05-231.800+0.242+15.53%+12.50

One volatility unit for this series is 1.24%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.9860.6752022-01-24: 0.7055 € per litre, used for offsets −302022-02-07: 0.7205 € per litre, used for offsets −142022-02-14: 0.7380 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.7547 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.7605 € per litre, used for offsets +72022-03-07: 0.7680 € per litre, used for offsets +142022-03-21: 0.8730 € per litre, used for offsets +302022-04-25: 0.8714 € per litre, used for offsets +602022-05-23: 0.9564 € 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
−302022-01-240.7055-0.049-6.51%-2.41
−142022-02-070.7205-0.034-4.53%-1.67
−72022-02-140.7380-0.017-2.21%-0.82
−32022-02-21same print as T00.75470.0000.00%0.00
−12022-02-21same print as T00.75470.0000.00%0.00
T02022-02-21same print as T00.75470.0000.00%0.00
+12022-02-21same print as T00.75470.0000.00%0.00
+32022-02-21same print as T00.75470.0000.00%0.00
+72022-02-280.7605+0.006+0.77%+0.29
+142022-03-070.7680+0.013+1.77%+0.65
+302022-03-210.8730+0.118+15.68%+5.80
+602022-04-250.8714+0.117+15.46%+5.72
+902022-05-230.9564+0.202+26.72%+9.89

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.

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

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.8500.7872022-01-24: 0.7935 € per litre, used for offsets −302022-02-07: 0.7965 € per litre, used for offsets −142022-02-14: 0.8000 € per litre, used for offsets −7same print as T0 — 2022-02-21, 0.8033 € per litre, used for offsets −3, −1, T0, +1, +32022-02-28: 0.8045 € per litre, used for offsets +72022-03-07: 0.8060 € per litre, used for offsets +142022-03-21: 0.8270 € per litre, used for offsets +302022-04-25: 0.8267 € per litre, used for offsets +602022-05-23: 0.8437 € 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
−302022-01-240.7935-0.010-1.22%-3.57
−142022-02-070.7965-0.007-0.85%-2.48
−72022-02-140.8000-0.003-0.42%-1.21
−32022-02-21same print as T00.80330.0000.00%0.00
−12022-02-21same print as T00.80330.0000.00%0.00
T02022-02-21same print as T00.80330.0000.00%0.00
+12022-02-21same print as T00.80330.0000.00%0.00
+32022-02-21same print as T00.80330.0000.00%0.00
+72022-02-280.8045+0.001+0.14%+0.42
+142022-03-070.8060+0.003+0.33%+0.97
+302022-03-210.8270+0.024+2.95%+8.59
+602022-04-250.8267+0.023+2.90%+8.47
+902022-05-230.8437+0.040+5.02%+14.65

One volatility unit for this series is 0.34%, 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 gasoline spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+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
T0−30T0+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.

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.

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.Observed
0 % 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.Observed
0 % 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.Observed
108.0 days of cover at +30 d (published 2022-03-01)0.00% from the level at T0 = 0.00 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed
122.7 $ 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.Observed
1,450,672 tonnes at +30 d (published 2022-03-01)+4.02% from the level at T0 = +1.41 volatility units
Wholesale pricesThe price between the refinery gate and the forecourt.UnavailableWholesale / rack price series are proprietary with no redistribution grant.
Pump price before taxThe pump price with excise, VAT and other fuel taxes stripped out.Observed
0.8730 € per litre at +30 d (published 2022-03-21)+15.68% from the level at T0 = +5.80 volatility units
Pump price with taxWhat a driver actually paid.Observed
1.700 € per litre at +30 d (published 2022-03-21)+9.11% from the level at T0 = +7.34 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: Slovakia, 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.

The crude-only comparison could not be read.

API 404 for /api/events/ru-invasion-ukraine-2022/crude-only: No stored crude-only run for 'ru-invasion-ukraine-2022' and country 'slovakia'. Runs are stored for the pilot countries; available_countries lists them.

What the numbers support, sentence by sentence

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

  1. In the 7 days after Russian invasion of Ukraine (24 February 2022), Slovakia's pre-tax petrol price moved +0.8%, which is 0.3 times its normal week-to-week variation over the previous three years — within that range.

    about SlovakiaCalculatedOfficial
    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
    0.76052
    status
    OBSERVED
    country
    Slovakia
    z_score
    5.331814378949862
    t0_value
    0.75468
    fuel_type
    EURO_SUPER_95
    change_pct
    0.7738379180579791
    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_SK_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.28630904670374796
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.005839999999999956
    change_pct_from_t0
    0.7738379180579791
    observation_gap_days
    3
    normal_volatility_pct
    2.702806379913978
    change_in_volatility_units
    0.28630904670374796
    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
    0.76052
    status
    OBSERVED
    country
    Slovakia
    z_score
    5.331814378949862
    t0_value
    0.75468
    fuel_type
    EURO_SUPER_95
    change_pct
    0.7738379180579791
    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_SK_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.28630904670374796
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.005839999999999956
    change_pct_from_t0
    0.7738379180579791
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    2.702806379913978
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.28630904670374796

    Template event.price_move.within_normal v1.1 · Fingerprint 4b74cb73a428f64cef8f72e33db8c6282eaa5f9c295c2561b65c198e9125410b · 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), Slovakia's pre-tax petrol price moved +15.7%, which is 5.8 times its normal week-to-week variation over the previous three years — outside that range.

    about SlovakiaCalculatedOfficial
    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
    0.87302
    status
    OBSERVED
    country
    Slovakia
    z_score
    13.569386591633988
    t0_value
    0.75468
    fuel_type
    EURO_SUPER_95
    change_pct
    15.680818360099645
    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_SK_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    5.801680237486607
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.11834
    change_pct_from_t0
    15.680818360099645
    observation_gap_days
    5
    normal_volatility_pct
    2.702806379913978
    change_in_volatility_units
    5.801680237486607
    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
    0.87302
    status
    OBSERVED
    country
    Slovakia
    z_score
    13.569386591633988
    t0_value
    0.75468
    fuel_type
    EURO_SUPER_95
    change_pct
    15.680818360099645
    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_SK_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    5.801680237486607
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.11834
    change_pct_from_t0
    15.680818360099645
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    2.702806379913978
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    5.801680237486607

    Template event.price_move.outside_normal v1.1 · Fingerprint a2e90f5f6fa15ce64c11937704189301c442061c64f7c963603dc6bdee791ced · 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), Slovakia's pre-tax petrol price moved +26.7%, which is 9.9 times its normal week-to-week variation over the previous three years — outside that range.

    about SlovakiaCalculatedOfficial
    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
    0.95635
    status
    OBSERVED
    country
    Slovakia
    z_score
    19.671047858149258
    t0_value
    0.75468
    fuel_type
    EURO_SUPER_95
    change_pct
    26.722584406635928
    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_SK_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    9.88697696040159
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.20167000000000002
    change_pct_from_t0
    26.722584406635928
    observation_gap_days
    2
    normal_volatility_pct
    2.702806379913978
    change_in_volatility_units
    9.88697696040159
    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
    0.95635
    status
    OBSERVED
    country
    Slovakia
    z_score
    19.671047858149258
    t0_value
    0.75468
    fuel_type
    EURO_SUPER_95
    change_pct
    26.722584406635928
    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_SK_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    9.88697696040159
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.20167000000000002
    change_pct_from_t0
    26.722584406635928
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.702806379913978
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    9.88697696040159

    Template event.price_move.outside_normal v1.1 · Fingerprint eb540a075b96f70f31b861808560b52cf6b619bb62c6882510d0e0b16ae2b3d9 · 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), Slovakia's tax-inclusive petrol price moved +0.4%, which is 0.4 times its normal week-to-week variation over the previous three years — within that range.

    about SlovakiaCalculatedOfficial
    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
    1.565
    status
    OBSERVED
    country
    Slovakia
    z_score
    5.331773878083518
    t0_value
    1.558
    fuel_type
    EURO_SUPER_95
    change_pct
    0.44929396662387
    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_SK_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.36159895137521303
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.006999999999999895
    change_pct_from_t0
    0.44929396662387
    observation_gap_days
    3
    normal_volatility_pct
    1.2425201038751361
    change_in_volatility_units
    0.36159895137521303
    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
    1.565
    status
    OBSERVED
    country
    Slovakia
    z_score
    5.331773878083518
    t0_value
    1.558
    fuel_type
    EURO_SUPER_95
    change_pct
    0.44929396662387
    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_SK_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.36159895137521303
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.006999999999999895
    change_pct_from_t0
    0.44929396662387
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    1.2425201038751361
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.36159895137521303

    Template event.price_move.within_normal v1.1 · Fingerprint bdfbc71d7ff7fd548ff78f8de793125b7f2209e58ec4561579dbcd57cd84017c · 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), Slovakia's tax-inclusive petrol price moved +9.1%, which is 7.3 times its normal week-to-week variation over the previous three years — outside that range.

    about SlovakiaCalculatedOfficial
    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
    1.7
    status
    OBSERVED
    country
    Slovakia
    z_score
    13.569707766967925
    t0_value
    1.558
    fuel_type
    EURO_SUPER_95
    change_pct
    9.114249037227207
    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_SK_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    7.335293013611569
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.1419999999999999
    change_pct_from_t0
    9.114249037227207
    observation_gap_days
    5
    normal_volatility_pct
    1.2425201038751361
    change_in_volatility_units
    7.335293013611569
    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
    1.7
    status
    OBSERVED
    country
    Slovakia
    z_score
    13.569707766967925
    t0_value
    1.558
    fuel_type
    EURO_SUPER_95
    change_pct
    9.114249037227207
    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_SK_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    7.335293013611569
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.1419999999999999
    change_pct_from_t0
    9.114249037227207
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.2425201038751361
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    7.335293013611569

    Template event.price_move.outside_normal v1.1 · Fingerprint 8e85dc189f21c2ccbe07d364e0089bcd5ff06042f56276c5ef9ad0c5b1036c7c · 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), Slovakia's tax-inclusive petrol price moved +15.5%, which is 12.5 times its normal week-to-week variation over the previous three years — outside that range.

    about SlovakiaCalculatedOfficial
    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
    1.8
    status
    OBSERVED
    country
    Slovakia
    z_score
    19.671881017993417
    t0_value
    1.558
    fuel_type
    EURO_SUPER_95
    change_pct
    15.532734274711167
    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_SK_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    12.500992318971837
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.242
    change_pct_from_t0
    15.532734274711167
    observation_gap_days
    2
    normal_volatility_pct
    1.2425201038751361
    change_in_volatility_units
    12.500992318971837
    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
    1.8
    status
    OBSERVED
    country
    Slovakia
    z_score
    19.671881017993417
    t0_value
    1.558
    fuel_type
    EURO_SUPER_95
    change_pct
    15.532734274711167
    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_SK_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    12.500992318971837
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.242
    change_pct_from_t0
    15.532734274711167
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.2425201038751361
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    12.500992318971837

    Template event.price_move.outside_normal v1.1 · Fingerprint 0098bba287a1810d70a528ae7da592b5ca233f9e08800858a6807d32fde07dd0 · 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), Slovakia's pre-tax diesel price moved +0.8%, which is 0.5 times its normal week-to-week variation over the previous three years — within that range.

    about SlovakiaCalculatedOfficial
    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
    0.8281799999999999
    status
    OBSERVED
    country
    Slovakia
    z_score
    6.36546586405787
    t0_value
    0.82152
    fuel_type
    DIESEL
    change_pct
    0.8106923751095394
    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_SK_DIESEL
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.45487011349537176
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.006659999999999888
    change_pct_from_t0
    0.8106923751095394
    observation_gap_days
    3
    normal_volatility_pct
    1.7822502535502105
    change_in_volatility_units
    0.45487011349537176
    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
    0.8281799999999999
    status
    OBSERVED
    country
    Slovakia
    z_score
    6.36546586405787
    t0_value
    0.82152
    fuel_type
    DIESEL
    change_pct
    0.8106923751095394
    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_SK_DIESEL
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.45487011349537176
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.006659999999999888
    change_pct_from_t0
    0.8106923751095394
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    1.7822502535502105
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.45487011349537176

    Template event.price_move.within_normal v1.1 · Fingerprint 3cf4d64316e386b3826c12dab144534b2d072eca88060f6f0479f1b1597682f1 · 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), Slovakia's pre-tax diesel price moved +14.7%, which is 8.3 times its normal week-to-week variation over the previous three years — outside that range.

    about SlovakiaCalculatedOfficial
    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
    0.94235
    status
    OBSERVED
    country
    Slovakia
    z_score
    15.896707198499273
    t0_value
    0.82152
    fuel_type
    DIESEL
    change_pct
    14.708102054727819
    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_SK_DIESEL
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    8.252545917964968
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.12082999999999999
    change_pct_from_t0
    14.708102054727819
    observation_gap_days
    5
    normal_volatility_pct
    1.7822502535502105
    change_in_volatility_units
    8.252545917964968
    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
    0.94235
    status
    OBSERVED
    country
    Slovakia
    z_score
    15.896707198499273
    t0_value
    0.82152
    fuel_type
    DIESEL
    change_pct
    14.708102054727819
    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_SK_DIESEL
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    8.252545917964968
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.12082999999999999
    change_pct_from_t0
    14.708102054727819
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.7822502535502105
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    8.252545917964968

    Template event.price_move.outside_normal v1.1 · Fingerprint a12dee29711ad6ea0c03ad7afe316d2a2e98c0d11d13a813c4392a9a96601406 · 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), Slovakia's pre-tax diesel price moved +32.4%, which is 18.2 times its normal week-to-week variation over the previous three years — outside that range.

    about SlovakiaCalculatedOfficial
    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
    1.08735
    status
    OBSERVED
    country
    Slovakia
    z_score
    28.001725973081058
    t0_value
    0.82152
    fuel_type
    DIESEL
    change_pct
    32.358311422728605
    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_SK_DIESEL
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    18.155874214786294
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.26583
    change_pct_from_t0
    32.358311422728605
    observation_gap_days
    2
    normal_volatility_pct
    1.7822502535502105
    change_in_volatility_units
    18.155874214786294
    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
    1.08735
    status
    OBSERVED
    country
    Slovakia
    z_score
    28.001725973081058
    t0_value
    0.82152
    fuel_type
    DIESEL
    change_pct
    32.358311422728605
    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_SK_DIESEL
    series_kind
    pre-tax
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    18.155874214786294
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.26583
    change_pct_from_t0
    32.358311422728605
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.7822502535502105
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    18.155874214786294

    Template event.price_move.outside_normal v1.1 · Fingerprint e7dd1b25d2c5ca039710312a4db6df9d5bcfe9c4b6a3ffcdf0b93766d1b007d4 · 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), Slovakia's tax-inclusive diesel price moved +0.5%, which is 0.5 times its normal week-to-week variation over the previous three years — within that range.

    about SlovakiaCalculatedOfficial
    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
    1.471
    status
    OBSERVED
    country
    Slovakia
    z_score
    6.366283398919062
    t0_value
    1.463
    fuel_type
    DIESEL
    change_pct
    0.5468215994531789
    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_SK_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.5206808362684374
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.008000000000000007
    change_pct_from_t0
    0.5468215994531789
    observation_gap_days
    3
    normal_volatility_pct
    1.0502049650455438
    change_in_volatility_units
    0.5206808362684374
    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
    1.471
    status
    OBSERVED
    country
    Slovakia
    z_score
    6.366283398919062
    t0_value
    1.463
    fuel_type
    DIESEL
    change_pct
    0.5468215994531789
    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_SK_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-02-28
    same_observation
    false
    volatility_units
    0.5206808362684374
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.008000000000000007
    change_pct_from_t0
    0.5468215994531789
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    3
    normal_volatility_pct
    1.0502049650455438
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.5206808362684374

    Template event.price_move.within_normal v1.1 · Fingerprint 16523e701d99123b56ac3a1d8a789e59e3402a98c5b276ec1dd2b100b2a8d519 · 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), Slovakia's tax-inclusive diesel price moved +9.9%, which is 9.4 times its normal week-to-week variation over the previous three years — outside that range.

    about SlovakiaCalculatedOfficial
    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
    1.608
    status
    OBSERVED
    country
    Slovakia
    z_score
    15.89831428036073
    t0_value
    1.463
    fuel_type
    DIESEL
    change_pct
    9.911141490088859
    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_SK_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    9.437340157365421
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.14500000000000002
    change_pct_from_t0
    9.911141490088859
    observation_gap_days
    5
    normal_volatility_pct
    1.0502049650455438
    change_in_volatility_units
    9.437340157365421
    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
    1.608
    status
    OBSERVED
    country
    Slovakia
    z_score
    15.89831428036073
    t0_value
    1.463
    fuel_type
    DIESEL
    change_pct
    9.911141490088859
    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_SK_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-03-21
    same_observation
    false
    volatility_units
    9.437340157365421
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.14500000000000002
    change_pct_from_t0
    9.911141490088859
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    5
    normal_volatility_pct
    1.0502049650455438
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    9.437340157365421

    Template event.price_move.outside_normal v1.1 · Fingerprint 1791d8356d4e4b0cf8606e330a64b4e882aee039fa7fe1c0b4574543caa93e20 · 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), Slovakia's tax-inclusive diesel price moved +21.8%, which is 20.8 times its normal week-to-week variation over the previous three years — outside that range.

    about SlovakiaCalculatedOfficial
    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
    1.782
    status
    OBSERVED
    country
    Slovakia
    z_score
    28.004689268469118
    t0_value
    1.463
    fuel_type
    DIESEL
    change_pct
    21.804511278195484
    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_SK_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    20.762148346203922
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.31899999999999995
    change_pct_from_t0
    21.804511278195484
    observation_gap_days
    2
    normal_volatility_pct
    1.0502049650455438
    change_in_volatility_units
    20.762148346203922
    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
    1.782
    status
    OBSERVED
    country
    Slovakia
    z_score
    28.004689268469118
    t0_value
    1.463
    fuel_type
    DIESEL
    change_pct
    21.804511278195484
    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_SK_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-05-23
    same_observation
    false
    volatility_units
    20.762148346203922
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.31899999999999995
    change_pct_from_t0
    21.804511278195484
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.0502049650455438
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    20.762148346203922

    Template event.price_move.outside_normal v1.1 · Fingerprint 6a3114c619816f4e00ce621514cb317e51f3caa93074db93202b4900a38e8cb0 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  13. 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

  14. 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

  15. 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

  16. Over the 4 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Slovakia's pre-tax petrol price by +8.7 c/L (range +1.2–+16.2); it actually moved +11.8 c/L, leaving +3.2 c/L not explained by crude.

    about SlovakiaCalculatedMedium
    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
    Slovakia
    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_SK_EURO_SUPER_95
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-03-21
    pass_through_k
    2
    proxy_from_date
    2022-02-18
    observation_date
    2022-03-21
    gap_eur_per_litre
    0.03159859318124958
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.11834
    expected_eur_per_litre
    0.08674140681875042
    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
    0.011709298302444968
    expected_high_eur_per_litre
    0.16177351533505616
    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
    Slovakia
    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_SK_EURO_SUPER_95
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-03-21
    pass_through_k
    2
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-03-21
    gap_eur_per_litre
    0.03159859318124958
    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
    0.11834
    expected_eur_per_litre
    0.08674140681875042
    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
    0.011709298302444968
    expected_high_eur_per_litre
    0.16177351533505616
    proxy_normal_volatility_pct
    180.79993207863203

    Template event.crude_only.computed v1.1 · Fingerprint c53cfee0e04e94642f60fadd72625241c513f313f1cda06fd16fe56aac2d12af · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  17. Over the 13 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Slovakia's pre-tax petrol price by +12.6 c/L (range -4.5–+29.6); it actually moved +20.2 c/L, leaving +7.6 c/L not explained by crude.

    about SlovakiaCalculatedMedium
    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
    Slovakia
    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_SK_EURO_SUPER_95
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2022-05-23
    pass_through_k
    2
    proxy_from_date
    2022-02-18
    observation_date
    2022-05-23
    gap_eur_per_litre
    0.07590723206948338
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.20167000000000002
    expected_eur_per_litre
    0.12576276793051663
    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
    -0.04452672967220918
    expected_high_eur_per_litre
    0.29605226553324326
    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
    Slovakia
    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_SK_EURO_SUPER_95
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2022-05-23
    pass_through_k
    2
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-05-23
    gap_eur_per_litre
    0.07590723206948338
    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
    0.20167000000000002
    expected_eur_per_litre
    0.12576276793051663
    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
    -0.04452672967220918
    expected_high_eur_per_litre
    0.29605226553324326
    proxy_normal_volatility_pct
    180.79993207863203

    Template event.crude_only.computed v1.1 · Fingerprint 0a0d394a34679781374d03773f79f786ba7c1a8ce49b26fdb8ccbbc794677180 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  18. Over the 4 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Slovakia's pre-tax diesel price by +15.7 c/L (range +3.9–+27.4); it actually moved +12.1 c/L, leaving -3.6 c/L not explained by crude. Over the same period the US diesel crack spread, a proxy for the Atlantic product market and not a European margin, widened by 22.2 $/bbl.

    about SlovakiaCalculatedMedium
    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
    COMPUTED
    country
    Slovakia
    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
    series_code
    CRUDE_ONLY_EXPECTED_SK_DIESEL
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2022-03-21
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    observation_date
    2022-03-21
    gap_eur_per_litre
    -0.03572328805686298
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.12082999999999999
    expected_eur_per_litre
    0.15655328805686297
    proxy_volatility_units
    12.233577860390142
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    22.231999999999996
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.039003390218933065
    expected_high_eur_per_litre
    0.27410318589479366
    proxy_normal_volatility_pct
    8.450955055544933
    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
    COMPUTED
    country
    Slovakia
    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"]
    series_code
    CRUDE_ONLY_EXPECTED_SK_DIESEL
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2022-03-21
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-03-21
    gap_eur_per_litre
    -0.03572328805686298
    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
    0.12082999999999999
    expected_eur_per_litre
    0.15655328805686297
    proxy_volatility_units
    12.233577860390142
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    22.231999999999996
    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
    0.039003390218933065
    expected_high_eur_per_litre
    0.27410318589479366
    proxy_normal_volatility_pct
    8.450955055544933

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint 668df176a3ed6057d6edaba099af50d45332eb4dfcd2dd1bece326002732044a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. Over the 13 weeks after Russian invasion of Ukraine (24 February 2022), crude costs alone would have moved Slovakia's pre-tax diesel price by +27.1 c/L (range +3.0–+51.1); it actually moved +26.6 c/L, leaving -0.5 c/L not explained by crude. Over the same period the US diesel crack spread, a proxy for the Atlantic product market and not a European margin, widened by 29.9 $/bbl.

    about SlovakiaCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    fuel
    diesel
    event
    Russian invasion of Ukraine (24 February 2022)
    weeks
    13
    status
    COMPUTED
    country
    Slovakia
    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
    series_code
    CRUDE_ONLY_EXPECTED_SK_DIESEL
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2022-05-23
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    observation_date
    2022-05-23
    gap_eur_per_litre
    -0.004696783983031028
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-02-21
    actual_eur_per_litre
    0.26583
    expected_eur_per_litre
    0.27052678398303104
    proxy_volatility_units
    16.427727304969743
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    29.853999999999996
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.029733964211034098
    expected_high_eur_per_litre
    0.5113196037550286
    proxy_normal_volatility_pct
    8.450955055544933
    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
    13
    status
    COMPUTED
    country
    Slovakia
    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"]
    series_code
    CRUDE_ONLY_EXPECTED_SK_DIESEL
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2022-05-23
    pass_through_k
    3
    proxy_from_date
    2022-02-18
    statement_topic
    event
    observation_date
    2022-05-23
    gap_eur_per_litre
    -0.004696783983031028
    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
    0.26583
    expected_eur_per_litre
    0.27052678398303104
    proxy_volatility_units
    16.427727304969743
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    29.853999999999996
    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
    0.029733964211034098
    expected_high_eur_per_litre
    0.5113196037550286
    proxy_normal_volatility_pct
    8.450955055544933

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint 07b8fed0565985bb87c3a23c554d2def33735a64557ff960a14e94046f17ddec · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about SlovakiaCalculatedHigh
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Slovakia
    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
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    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
    Slovakia
    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
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    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 e9a041967ebfbc1a2e94e454b07ae55c42bea8e2e8dc8ee9690646f8deb819c5 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

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

    about SlovakiaCalculatedHigh
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-02
    status
    OBSERVED
    country
    Slovakia
    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
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    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
    Slovakia
    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
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    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 0f445f30c4e6beaf8737968c355e1a45ff35e6ec23332d5758027cf5fdaaea9a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  22. 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

  23. 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

  24. 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

  25. 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

  26. Available evidence does not show a physical supply reduction: Slovakia's reported crude imports in 2022-02 were +1.8% against the mean of the previous 12 months.

    about SlovakiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    country
    Slovakia
    change_pct
    1.8255833634137297
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    partner_role
    ORIGIN
    value_tonnes
    464748
    baseline_months
    12
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    456415.75
    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
    Slovakia
    change_pct
    1.8255833634137297
    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
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    partner_role
    ORIGIN
    value_tonnes
    464748
    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
    456415.75
    study_calculation_version
    event_study-1.0

    Template event.supply.no_reduction v1.1 · Fingerprint cf437adc65f19825d6b9f82e323d8c5a2ffbc326460f12c154baedbc67d7e2da · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  27. In 2022-02, Slovakia's oil stocks stood 6.9% above their trailing 12-month mean, with 108.0 days of cover (as published).

    about SlovakiaCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    status
    OBSERVED
    country
    Slovakia
    direction
    above
    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_SK
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    days_of_cover
    108
    metric_status
    COMPUTED
    mom_change_pct
    1.061001229778763
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    1394564
    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
    1305153.75
    level_vs_trailing_12m_pct
    6.850553047868881
    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
    6.850553047868881
    level_vs_trailing_12m_pct_shown
    6.9
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2022-02-24T00:00:00+00:00
    unit
    tonnes
    month
    2022-02
    status
    OBSERVED
    country
    Slovakia
    direction
    above
    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_SK
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    days_of_cover
    108
    metric_status
    COMPUTED
    mom_change_pct
    1.061001229778763
    statement_topic
    event
    observation_date
    2022-02-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    1394564
    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
    1305153.75
    level_vs_trailing_12m_pct
    6.850553047868881
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.above v1.1 · Fingerprint 2a22ac57351c4f647e58392a010e1fe9ec237d4cb6510eefe66728c4125411cd · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  28. Summary of what can be checked here

    Only part of the chain can be checked for Slovakia 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 SlovakiaUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-02-24T00:00:00+00:00
    event
    Russian invasion of Ukraine (24 February 2022)
    country
    Slovakia
    event_name
    Russian invasion of Ukraine (24 February 2022)
    event_slug
    ru-invasion-ukraine-2022
    event_type
    WAR
    country_iso2
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    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
    Slovakia
    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
    SK
    country_name
    Slovakia
    country_slug
    slovakia
    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 0416e0e62437403550b62fd1279c33d16264af9829aed408c5505454387b2d40 · 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.

Slovakia: 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.