A process for producing a naphthenic bright stock, comprising the steps of: a) dewaxing a hydrotreated deasphalted naphthenic oil having a sulfur content of up to 0.5% by weight as measured by ASTM D4294 and a nitrogen content of up to 0.1% by weight as measured by ASTM D5762 in the presence of a dewaxing cracking catalyst and under catalytic dewaxing conditions comprising a temperature from 260°C to 399°C, a pressure from 5,515 kPa to 27,579 kPa, and a liquid hourly space velocity from 0.25 hr -1 to 7 hr -1, to produce a dewaxed effluent; b) hydrofinishing the dewaxed effluent under hydrofinishing conditions comprising a temperature from 260°C to 399°C, a pressure from 5,515 kPa to 27,579 kPa, and a liquid hourly space velocity from 0.25 to 5 hr -1, to produce a dewaxed hydrofinished effluent having reduced levels of polycyclic aromatic hydrocarbon compounds and reduced levels of unstable olefinic compounds; and c) fractionating the dewaxed effluent to remove one or more low viscosity high volatility fractions and to provide a naphthenic bright stock having an aniline point as measured by ASTM D611 of 100°C to 140°C, a flash point as measured using a Cleveland Open Cup and ASTM D92 of 188°C to 409°C, a viscosity index VI greater than 75 and less than 95 as determined by ASTM D2270 a viscosity SUS at 98.9°C of 165 to 250, and a pour point as measured using ASTM D5950 of 42°C to -39°C, the pour point as measured by ASTM D5949 reduced by at least 10°C compared to that of the deasphalted naphthenic oil, at a yield greater than 85% of total naphthenic bright stock over total deasphalted naphthenic oil, and wherein the naphthenic bright stock contains no more than 10 ppm total polycyclic aromatic hydrocarbon 8-markers and no more than 1 ppm benzo[a]pyrene as evaluated using European standard EN 16143:2013. a) dewaxing a hydrotreated deasphalted naphthenic oil having a sulfur content of up to 0.5% by weight as measured by ASTM D4294 and a nitrogen content of up to 0.1% by weight as measured by ASTM D5762 in the presence of a dewaxing cracking catalyst and under catalytic dewaxing conditions comprising a temperature from 260°C to 399°C, a pressure from 5,515 kPa to 27,579 kPa, and a liquid hourly space velocity from 0.25 hr -1 to 7 hr -1, to produce a dewaxed effluent; b) hydrofinishing the dewaxed effluent under hydrofinishing conditions comprising a temperature from 260°C to 399°C, a pressure from 5,515 kPa to 27,579 kPa, and a liquid hourly space velocity from 0.25 to 5 hr -1, to produce a dewaxed hydrofinished effluent having reduced levels of polycyclic aromatic hydrocarbon compounds and reduced levels of unstable olefinic compounds; and c) fractionating the dewaxed effluent to remove one or more low viscosity high volatility fractions and to provide a naphthenic bright stock having an aniline point as measured by ASTM D611 of 100°C to 140°C, a flash point as measured using a Cleveland Open Cup and ASTM D92 of 188°C to 409°C, a viscosity index VI greater than 75 and less than 95 as determined by ASTM D2270 a viscosity SUS at 98.9°C of 165 to 250, and a pour point as measured using ASTM D5950 of 42°C to -39°C, the pour point as measured by ASTM D5949 reduced by at least 10°C compared to that of the deasphalted naphthenic oil, at a yield greater than 85% of total naphthenic bright stock over total deasphalted naphthenic oil, and wherein the naphthenic bright stock contains no more than 10 ppm total polycyclic aromatic hydrocarbon 8-markers and no more than 1 ppm benzo[a]pyrene as evaluated using European standard EN 16143:2013.