* Check Engine Light: Indicates a problem detected by the vehicle's onboard diagnostic system (OBD). This could be anything from a minor issue like a loose gas cap to a serious problem like a failing catalytic converter. A scan tool is needed to determine the specific code(s) triggering the light.
* Oil Light: Indicates a problem with the engine's oil pressure or level. This is a much more serious and immediate warning, indicating potential engine damage if ignored. Low oil pressure means your engine isn't getting properly lubricated, leading to rapid wear and failure.
In short: The check engine light is a broad warning; the oil light is a critical warning demanding immediate attention.