Danish energy company Maersk Oil announced it was trimming its payroll in an effort to cut costs in response to the pressure from lower oil prices. Crude oil prices in April rallied nearly 25 percent, or roughly $10 per barrel, as investors took note of the expected return to balance in a market characterized by heavy supply-side pressures. Compared with last year, however, the price for Brent crude oil, the global benchmark, is down 30 percent. Oil prices at this point in 2014 were well above $100 per barrel. Maersk Oil said it was cutting about 40 positions from its regional offices. Despite efforts to cut costs already, the company said lower oil prices continued to put pressure on […]