Maersk Oil announcing more layoffs

Maersk Oil announcing more layoffs Copenhagen, Denmark (UPI) May 10, 2016 - 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 fo ... more

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