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

Platts, part of S&P Global Energy, will launch weekly base oil spot assessments for Group II 70N, FOB Asia, effective Jan. 21, 2026.

The assessments will reflect spot cargoes for Group II:

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

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

Details of the specifications for Group II 70N:

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

This follows a proposal note published Nov. 11, available here.

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.