The jet fuel time spread for Aug/Sept rose to 11 cents a barrel on Monday, up from Friday's near parity of 2 cents a barrel.

The prompt month time spread was last higher on July 11 at 16 cents a barrel.

Jet margins, or cracks, for September also started the week higher, climbing 27 cents a barrel to a one week high of $14.94 a barrel over Dubai crude.

In the physical market, cash premiums for jet fuel cargoes edged one cent per barrel higher on Monday to 11 cents a barrel to Singapore quotes amid a lack of deal activity.

TENDERS

- India's MRPL has offered 40,000 tonnes of jet fuel for export from New Mangalore for Sept 9-11 loading in a tender closing on Aug. 7 with next day validity.

- MRPL has also offered 65,000 tonnes of 500ppm gasoil for Sept 5-7 loading from New Mangalore.

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VIETNAM EXPORTS

- Vietnam's Nghi Son oil refinery is seeking approval to export oil products as high inventories and pre-existing import contracts have limited domestic fuel demand, said three industry sources on Monday.

- If the approval is granted, this would be the first time Vietnam, a net importer of fuel, has allowed oil product exports produced domestically. The fuel shipments could also weigh on regional margins at a time when supplies are expected to start flowing from new projects in Malaysia and China.

- Fuel inventories are high amid weak domestic sales and higher refining output, a Vietnam-based industry source said.

- "Vietnam has a surplus of diesel and gasoline and sales are especially bad for gasoline with cargoes selling at a heavy discount," the source said.

BAB AL-MANDEB

- Top oil exporter Saudi Arabia said on Saturday it had resumed all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb.

- The kingdom halted temporarily oil shipments through the lane on July 25 after attacks on two oil tankers by Yemen's Iran-aligned Houthi movement.