The invention discloses an efficient and energy-saving heat supply system adopting heat-conducting oil conduction, and relates to a heat supply system. The heat supply system comprises a magnetic flap level gauge (1), an outer tank (2) of an oil tank, an inner tank (3) of the oil tank, a heat-conducting oil heating pipe (4), an oil outlet port (5) of the oil tank, an oil outlet pipe (6), a pressure gauge (7), an oil suction pump (8), an anti-explosive oil outlet temperature gauge (9), a Y-type filter (10), a ball valve (11), a pipeline (12) for entering heat utilization equipment, the heat utilization equipment (13), an anti-explosive oil return temperature gauge (14), another ball valve (15), an oil inlet port (16), a partition (17) of the oil tank, a vacuum safety cap (18), an oil drainage positive thread end (19) and an oil injection positive thread end (20), wherein the interior of the oil cavity of the oil tank and the oil suction pump (8) are communicated to the heat utilization equipment (13), and the partition (17) of the oil tank is arranged in the oil tank. According to the heat supply system disclosed by the invention, an oil circulation pump is used for carrying out forced liquid phase circulation, heat energy is conveyed to the heat utilization equipment and then returned for re-heating, and the heat supply system is less in pollution, high in heat utilization rate, safe, and free from pollution discharge, pollution and heat pollution.