I have noticed hair in the oil glands. I talked with my dad about that, and he speculated that it may have been because of the beaver's combing. He thought the hairs may have been pushed into the oil gland when the beaver was extracting the oil with it's toenail.
I think the hairs actually grow inside the sacs. Sometimes there are very fine, down-like hairs in the mass, that appear to be half-dissolved or poorly formed to begin with, so I think there are some hair follicles in the lining of the sacs. The difference in the oil could be because of testosterone. Testosterone metabolites (DHT) positively affect sebaceous gland function. It is why men lose hair and have more greasy skin than women. The mechanism works in many mammals, male Norway rats have greasy fur that becomes cleaner when they're neutered. Testosterone would Increase the oil production and possibly change the chemical composition (shorter carbon chains = more runny and more smelly). The fluid oil is possibly be more convenient for territorry marking compared to the thick oil that females of the European beaver have. There's probably a reason for it, maybe because male beaver (at least here) are more involved in patrolling and terrritory marking than females, which would seem logical especially in the spring, when the females are staying with the kits.
Our females possibly produce the oil very slowly, hence the thickness and the gray color from the shedded wall cells.
I actually think the difference in the smell may not be very important to beavers because they all seem to hate each other so much regardless of the sex, but it could make a difference if the oil is used as a component in lures for other animals because of the different fatty acid composition.
It is just my guess, no one seems to have studied it.