How to Make It
Melt butter in a medium saucepan over medium until sizzling. Add onion and garlic; cook, stirring occasionally, until onion has softened and garlic is just beginning to brown, 6 to 8 minutes. Stir in cider, tomato paste, Worcestershire, chili powder, Dijon, lemon juice, vinegar, black pepper, salt, and cayenne pepper. Bring to a boil over high. Reduce heat to low, and simmer, stirring occasionally, until slightly thickened, 7 to 10 minutes. Remove from heat.
Just before serving, bring honey to a simmer in a small saucepan over medium. Reduce heat to low, and cook, stirring occasionally, until honey is dark amber in color and smells like molasses, about 5 minutes. Carefully whisk into tomato paste mixture.