Re: BS
It depends about the use of it. Normally even small air compressor have an air filter regulator with some oil. If the compressed air it's used for pneumatic control system, some oil it's needed to lubricate the valve. If one needs air without oil there are oil filter that block the oil.
Water on the other hand isn't a good thing on compressed ait, and there are water traps in filters for it, and of course one has to regulate the compressed air pressure used for different cases.