Aguaje Oil for Skin Benefits History Harvesting Uses and Why It Outshines Alternatives. Aguaje oil is still a niche ingredient in many skin care routines, but it has the profile of a heavyweight. It is rich, bright orange, plant-based, and packed with the kinds of lipids and antioxidants that cosmetic formulators look for when building products for dry, dull, or mature-looking skin. Also known as buriti oil or moriche palm oil, aguaje oil comes from the fruit of Mauritia flex