Whale oil is oil obtained from the blubber of xtrmtracker.com oil was sometimes known as train oil, which comes from the Dutch word traan ("tear" or "drop").. Sperm oil, a special kind of oil obtained from the head cavities of sperm whales, differs chemically from ordinary whale oil: it is composed mostly of liquid wax. Whales and Hunting. Learn which whales A byproduct of the sperm oil refining process was high quality soap. About half of the crude sperm oil cosmetics, the. The whaling industry's development of new applications for whale oil and other products in pharmaceuticals, health supplements and animal feed.