The oil palms (Elaeis (from Greek, meaning "oil")) comprise two species of the Arecaceae, or palm family. They are used in commercial agriculture in the production of palm oil. The African Oil Palm Elaeis guineensis (guineensis referring to its country of origin) is native to West and Southwest Africa, occurring between Angola and Gambia, while the American Oil Palm Elaeis oleifera (from English oliferous, meaning "oil-producing") is native to tropical Central America and South America.

Mature trees are single-stemmed, and grow to 20 m tall. The leaves are pinnate, and reach between 3-5 m long. A young tree produces about 30 leaves a year. Established trees over 10 years produce about 20 leaves a year. The flowers are produced in dense clusters; each individual flower is small, with three sepals and three petals.

The palm fruit takes five to six months to mature from pollination to maturity. The palm fruit is reddish, about the size of a large plum and grows in large bunches. Each fruit is made up of an oily, fleshy outer layer (the pericarp), with a single seed (the palm kernel), also rich in oil. When ripe, each bunch of fruit weigh 40-50 kilogrammes.

An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils.

First attested in English 1176, the word oil comes from Old French "oile", from Latin "oleum", which in turn comes from the Greek "ἔλαιον" (elaion), "olive oil, oil" and that from "ἐλαία" (elaia), "olive tree". The earliest attested form of the word is the Mycenaean Greek e-ra-wo, written in Linear B syllabic script.

Organic oils are produced in remarkable diversity by plants, animals, and other organisms through natural metabolic processes. Lipid is the scientific term for the fatty acids, steroids and similar chemicals often found in the oils produced by living things, while oil refers to an overall mixture of chemicals. Organic oils may also contain chemicals other than lipids, including proteins, waxes and alkaloids.

Lipids can be classified by the way that they are made by an organism, their chemical structure and their limited solubility in water compared to oils. They have a high carbon and hydrogen content and are considerably lacking in oxygen compared to other organic compounds and minerals; they tend to be relatively nonpolar molecules, but may include both polar and nonpolar regions as in the case of phospholipids and steroids.

Palm may refer to :