Question: is peanut oil and vegetable oil the same thing?
Answer: 2 Answers. Peanut and canola are vegetable oils. Vegetable oil is a catch-all term, it's not asking for a product labelled "vegetable oil" although you can buy it in the store. Oils labelled vegetable oil are blends and can be any proportion of things like canola (rapeseed), peanut, corn, sunflower, etc.