Halliburton shares are sliding 3.43% to $34.61 on Tuesday as oil prices fell on Kuwait oil minister's remarks and Goldman Sachs' (GS) bearish outlook.
Earlier today, Kuwait oil minister Anas al-Saleh said it will agree to a production freeze only if all major exporters take part on the deal as well.
"I'll go full power if there's no agreement. Every barrel I produce I'll sell," he said, according to Reuters.
OPEC member Kuwait currently produces 3 million barrels of oil a day.
Also putting pressure on oil today was Goldman Sachs' comments in a report today, saying that the recent price rally is simply "not sustainable in the current environment."
Crude oil (WTI) is slipping 2.88% to $36.81 and Brent crude is tanking 2.42% to $39.85 per barrel.