A method and composition are described for improving recovery of oil from an oil reservoir. The method includes adding an effective amount of a fatty acid alkyl ester oil recovery composition to an oil reservoir and recovering oil from the reservoir. The composition may include in predominant proportion a fatty acid alkyl ester as well as effective concentrations of a surfactant, a colloid, and an acid. One exemplary composition includes 96% soy methyl ester, 3% surfactant, and 1% vinegar.