In a saucepan over medium heat, mix all the ingredients.
Reduce heat to low and let it simmer for 20 minutes. Stir occasionally.You can let it cook longer if you want the consistency thicker, remember it will thicken as it cools too.
To store, I put in a mason jar and keep in the refrigerator. Stays good for about 2 weeks. Use in marinades, or brush on grilling foods last 10 minutes of cooking.