The recovery in crude oil prices since the 2016 low point hasn’t been enough to translate to improved business conditions, the head of Hercules Offshore said. Crude oil prices have rebounded sharply from lows below $30 per barrel earlier this year as markets start a slow move toward a balance between supply and demand. John Rynd, the president and CEO of Hercules, which emerged from bankruptcy in November, said the first quarter was weak for companies servicing the exploration and production side of the oil and gas industry. “The rebound in oil prices over the past few months, while encouraging, has yet to translate to a material improvement in business prospects, as […]