There are many types for instrial oil, such as cutting fluid(coolant), lubricant(hydraulic oil, slideway oil), anti-rust oil and so on. The mainly functions are lubricating and reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, remove other particles, and cooling the surfaces. The property of reducing friction is known as lubricity. In addition to industrial applications, lubricants are used for many other purposes.
Besides of base oil, the addicative becomes another important role which could improve and increase cutting ability.
Here are the articles for your reference by HAI LU JYA HE Co.,Ltd that include oil types, normal problems, oil ratio and property etc.
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