Oil Street (Chinese: 油街) is a street in North Point on Hong Kong Island near Fortress Hill Station.
Buildings along the street include the Newton Hotel (closed on 25 August 2015),AIA Tower, the former headquarters and clubhouse of the Royal Hong Kong Yacht Club (listed as a Grade II historic buildings), Government Logistics Department's depot and the Harbor Grand Hotel.
Oil Street has a northwest-southeast orientation. It starts east at King's Road, then crosses Electric Road, has intersections with Wang On Road (宏安道) and King Wah Road (京華道), passes under the Island Eastern Corridor and ends shortly thereafter near the shore of Victoria Harbour.
The Oil Street ex-Government Supplies Department had been lent to local artists and organizations as short-term tenants from 1990 to 2000, after the relocation of the department in 1998. The building was used as the studio of artists and a venue for artistic event, named the Oil Street Artist Village, which is the Hong Kong's first locally formed art community. After the building was vacated in 2000, some tenants had been moved to the Cattle Depot Artist Village located in To Kwa Wan.
Oi! is an art space developed by the Leisure and Cultural Services Department in 2013, aiming at promoting arts and providing venue for exhibition. It is located at 12 Oil Street, next to the now demolished Government Supplies Department. "Oi!" came from the name of the street, Oil Street. It is also a greeting to call people to participate in art event. In Cantonese, the Chinese name of Oi! is the homonym of its address ( “12” is a homonym for “release” ). The present building of Oi! is the former Clubhouse of Royal Hong Kong Yacht Club from 1908 to 1938, which had been listed as a Grade II historic building since 1995. Later, it was used as the Government Supplies Department until 1998. In 1990 to 2000, it was the Oil Street Artist Village, and further changed to a storehouse of the Antiquities and Monuments Office until late 2007.