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Traditionally, oyster sauce is made by slowly simmering oysters in water until the juices caramelize into a thick, brown, intensely flavorful sauce. Modern variations include lighter oyster sauces as well.
Chili sauce can be used as a dipping sauce, cooking glaze, and marinade and is a very common ingredient in Thai cuisine. There are varying degrees of hotness and also different varieties such as sweet chili sauce and sriracha chili sauce.