Elaeis is a genus of palms containing two species, called oil palms. They are used in commercial agriculture in the production of palm oil. The African oil palm Elaeis guineensis (the species name guineensis referring to its country of origin) is the principal source of palm oil, it is native to west and southwest Africa, occurring between Angola and Gambia. The American oil palm Elaeis oleifera is native to tropical Central and South America, and is used locally for oil production.

Palm oil (also known as dendê oil, from Portuguese) is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of the oil palms, primarily the African oil palm Elaeis guineensis, and to a lesser extent from the American oil palm Elaeis oleifera and the maripa palm Attalea maripa.