The oil is known as lanolin
its called a fleece
A fleece
Sheep grow wool. When the wool is shorn from a sheep it is called a fleece.
The word you're looking for is 'fleece'.
fleece
Wool is spun from the fleece of sheep.
because they give off an oily/fatty substance called lanolin.
because the wool contains lanolin
With electric shears - they used to shear them with hand shears
After you cut a sheeps fleece you will want to wait at least six weeks for the new coat to grow in. You may choose to wait longer for a thicker coat, but do not cut the sheeps fleece any sooner than six weeks.
It really isn't oil. It's lanolin.
The land of the Golden Fleece is a legendary country, but the Greeks were impressed by the Colchis region of Georgia. A 'golden fleece' may have existed in this area, it was thought that the Colchis civilization used sheeps skins to filter gold from the waters of the rivers that flowed from the Caucasus mountains. The skins would be dried and beaten to release the gold content