In US parlance 'mineral oil' is more often used. Don't know it makes much difference in general usage, but tends to avoid confusion when describing oils that are primarily paraffinic versus naphthenic (oils that have a lower faction of heavier, waxy chains). Mineral oils are a science unto themselves as there are thousands of ways to slice and dice crude oils into their constituent parts.
For example,
CAS #8012-95-1 is a common food grade mineral oil which is heavier in paraffinic components than a typical light naphthenic transformer oil such as Conoco #76 (CAS #C125-30, 64742-53-6).
coquelicot said:
I'm also certain that the moisture content is very low (if any).
Unless you have run a test on a fresh sample there is no way of knowing, and it's not amenable to gut feelings. Mineral oils absorb atmospheric moisture - not very much, but it doesn't take much to mess with dielectric fluids. For instance, unused oil in sealed, full drums has been known to fail dielectric testing if stored in a location with significant daily temperature variations for a prolonged time due to moisture getting past bung seals as the drums expand and contract.
This graph is from "
Understanding Water in Transformer Systems" by Lance Lewand of Doble Engineering, and uses the ASTM D1816 test protocol with a 0.04" (1mm) gap. As you can see, it doesn't take much dissolved water to appreciably depress dielectric breakdown voltage.
Even though the focus is on their test equipment line it's worth reading "
The Megger(TM) Guide to Insulating Oil Dielectric Breakdown Testing" to gain a sense of how meticulous dielectric oil testing is.
As to your original question, it isn't something I've ever encountered, but the effect you've described may be related to phenomena described in abstracts on the IEEE website. These are behind a paywall, and I haven't been a member in years so didn't look any further, but you could dig around for other cites regarding electrohydrodynamic vortices.
"
Ring vortices in point-plane gaps at sub-breakdown fields"
"
The role of electrostatic and hydrodynamic forces in the negative-point breakdown of liquid dielectrics"
"
Electric-Field Distortions at Solid-Liquid Dielectric Interfaces"