I've given coconut oil to my pets in the past.
Research Using Essential Oils to Treat Malassezia Dermatitis
The results of research  published in April, 2014, in the Journal of Medical Mycology demonstrated the benefits of using essential oils for treating Malassezia dermatitis. The researchers treated 20 dogs with dermatitis caused by Malassezia pachydermatis. They used a blend of essential oils containing bitter orange (Citrus aurantium) 1%, lavender (Lavandula officinalis) 1%, oregano (Origanum vulgare) 0.5%, marjoram (Origanum majorana) 0.5%, peppermint (Mentha piperita) 0.5% and Helichrysum (Helichrysum italicum var. italicum) 0.5%. These essential oils were mixed into a base of sweet almond oil and coconut oil.
This mixture of oils was topically applied to twenty animals twice daily for 1 month. Another group of ten animals was treated with a conventional therapy based on ketoconazole given at a rate of 10mg/kg per day and 2% chlorhexidine given twice a week for 3 weeks. At the end of the treatment periods, researchers found that both groups of animals had significant improvements in their clinical status without adverse effects. They conducted follow-up visits 6 months later to observe whether there was a recurrence of the original disease condition, and found that both groups retained their clinical improvements.
- See more at: http://healthimpactnews.com/2014/study-essential-oils-and-coconut-oil-effective-for-skin-disorders-on-dogs/#sthash.T9KzGmW8.dpuf