I get pretty oily in the t-zone, so heavy moisturizers are a no-no for me. Proactive Moisturizer is another no-no for sensitive skin as well.
Shea butter can clog pores for some.
I use camellia oil all over my face, neck, eyes and chest; then I follow up with a heavier duty eye cream around my eyes and a heavier lotion on neck and chest. Camellia oil encourages other products to penetrate more deeply and has a reputation for boosting your collagen levels. I don't have any evidence of this, but I do know that even oily and combo skin needs moisture and this fits the bill perfectly.
On winter days when I don't feel like camellia oil is quite enough, I'll use squalene oil [the kind derived from olives, not shark liver]. Squalene is also a great moisturizer and booster for other actives. BTW, both of these oils absorb and penetrate quickly and do NOT leave you looking like an oil slick.
If a light lotion is more what you're looking for, Murad's pomegranate lotion is wonderful. It's very light, doesn't clog pores and provides a great level of hydration.