Saudi Arabia raised oil prices for its main market of Asia after crude’s surge to almost $95 a barrel. State firm Saudi Aramco increased pricing for all grades for Asian customers in March, according to several people with knowledge of the matter. The company raised its key Arab Light oil for the region by 60 cents from February to $2.80 per barrel above the benchmark it uses. That’s the highest since March 2020, just before Aramco slashed pricing with the onset of the Covid-19 pandemic. Other Asian grades jumped by 40 cents to 70 cents. Brent crude has climbed around 20% this year to more than $93 a barrel. Its rise has come as global consumption remains strong despite the spread of omicron variant of the virus. In addition, oil stockpiles have plummeted in the past year and many major producers are struggling to pump more. Aramco’s decision came […]