Platts launches weekly Group II 70N base oil FOB Asia, CFR India assessments

Platts, part of S&P Global Energy, has launched weekly base oil spot assessments for Group II 70N FOB Asia and CFR India, effective Jan. 21.

The assessments reflect spot cargoes for:

The new assessments are published in $/mt and take into consideration price information gathered during the week ahead of the assessment, with indications normalized to the close at 4:30 pm Singapore time on Wednesday of each week.

The assessments reflect the values of physical base oil cargoes at the close of 4:30 pm Singapore time on Wednesday and follow the Singapore publishing schedule. When a Singapore public holiday falls on the planned publishing day, the assessment would be published the day prior to the public holiday.

Details of specifications:

Group II 70N

Pricing information with terms, locations and specifications different from the above standard may be considered for assessment purposes, subject to normalization.

These assessments can be found on Platts Connect via the above symbols. From March 4, these assessments will also be reflected in the Oilgram Price Report, Asia-Pacific/Arab Gulf Marketscan and on Platts Global and Refined Product alert pages 1146 and 2529.

The above follows a subscriber note published Dec. 12, 2025, and a proposal note published Nov. 11, 2025.

Please send any questions, comments or feedback to asia_products@spglobal.com with a copy to pricegroup@spglobal.com.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.