oil-tank (n.)

late 12c., "olive oil," from Anglo-French and Old North French olie, from Old French oile, uile "oil" (12c., Modern French huile), from Latin oleum "oil, olive oil" (source of Spanish, Italian olio), from Greek elaion "olive tree," from elaia (see olive).

Nearly all the European languages' words for "oil" (Croatian ulje, Polish olej, Hungarian olaj, Albanian uli, Lithuanian alejus, etc.) are from the Greek word; the Germanic (except Gothic) and Celtic one coming from Greek via Latin: Old English æle, Dutch olie, German Öl, Welsh olew, Gaelic uill, etc. 

In English it meant "olive oil" exclusively till c. 1300, when the word began to be extended to any fatty, greasy liquid substance (usually flammable and insoluble in water). Often especially "oil as burned in a lamp to afford light" (as in midnight oil, symbolizing late work). Use for "petroleum" is recorded from 1520s but not common until 19c.

The artist's oils (1660s), short for oil-color (1530s), are paints made by grinding pigment in oil; oil-painting "art or craft of painting in oils" is by 1690s.  The ocean-going oil-tanker is from 1900; oil-spill in the environmental catastrophe sense is by 1924. As a condiment, oil and vinegar is attested from 1620s. The figurative expression pour oil upon the waters "appease strife or disturbance" is by 1840, from an ancient trick of sailors.

Another historical illustration which involves monolayers, was when sailors poured oil on the sea in order to calm 'troubled waters' and so protect their ship. This worked by wave damping or, more precisely, by preventing small ripples from forming in the first place so that the wind could have no effect on them. [J. Lyklema, "Fundamentals of Interface and Colloid Science," Academic Press, 2000]

The phenomenon depends on what are called Marangoni effects; Benjamin Franklin experimented with it in 1765.

1610s, "pool or lake for irrigation or drinking water," a word originally brought by the Portuguese from India, from a Hindi source, such as Gujarati tankh "cistern, underground reservoir for water," Marathi tanken, or tanka "reservoir of water, tank." Perhaps ultimately from Sanskrit tadaga-m "pond, lake pool," and reinforced in later sense of "large artificial container for liquid" (1680s) by Portuguese tanque "reservoir," from estancar "hold back a current of water," from Vulgar Latin *stanticare (see stanch). But other sources say the Portuguese word is the source of the Indian ones. 

Meaning "fuel container" is recorded from 1902. Slang meaning "detention cell" is from 1912. Railroad tank-car is from 1874.

In military use, "armored, gun-mounted vehicle moving on continuous articulated tracks," the word originated late 1915. In "Tanks in the Great War" [1920], Brevet Col. J.F.C. Fuller quotes a memorandum of the Committee of Imperial Defence dated Dec. 24, 1915, recommending the proposed "caterpillar machine-gun destroyer" machines be entrusted to an organization "which, for secrecy, shall be called the 'Tank Supply Committee,' ..." In a footnote, Fuller writes, "This is the first appearance of the word 'tank' in the history of the machine." He writes that "cistern" and "reservoir" also were put forth as possible cover names, "all of which were applicable to the steel-like structure of the machines in the early stages of manufacture. Because it was less clumsy and monosyllabic, the name 'tank' was decided on." They were first used in action at Pozieres ridge, on the Western Front, Sept. 15, 1916, and the name was quickly picked up by the soldiers. Tank-trap attested from 1920.