2 tablespoons olive oil

1/2 cup sweet onion, diced fine

3 tablespoons tomato paste

1 tablespoon Worcestershire sauce

1/2 cup apple cider vinegar

2 cups ketchup

1/4 cup molasses

1/4 teaspoon liquid smoke

1/2 cup brown sugar

1 teaspoon kosher salt

1 teaspoon freshly ground black pepper

1 teaspoon smoked paprika

1 teaspoon garlic powder

1/2 teaspoon onion powder

1/2 teaspoon chili powder

1/2 teaspoon cumin

1/2 teaspoon dry mustard

Pinch cayenne pepper