News reports about a potential “oil glut” are popping up.

But what is an “oil glut?” And why does the thought of one have a number of oil companies so worried?

According to the Collins Dictionary , “if there is a glut of something, there is so much of it that it cannot all be sold or used.”

The Texas Standard explains that such a glut of oil is a “double-edged sword”: More oil potentially means cheaper energy prices. It also means, however, that lower prices could result in less of a profit for the oil industry, such that it could cost jobs.

In fact, The Washington Examiner reports that OPEC+ just agreed to pause its plans to increase oil production next year in the wake of these glut fears.

And as far as pump prices go, lead energy analyst at Kpler, Matt Smith, told the Texa

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