Place paprika in small sauce pan. Warm over medium heat just until paprika becomes fragrant. Do not allow paprika to darken.
Add oil and whisk until thoroughly mixed. Continue to heat mixture over medium flame just until oil begins to bubble around the edges. Remove from heat and allow to sit for 1-2 hours.
Strain through several layers of chees cloth or a coffee filter.
Store in a squeeze bottle or covered storage container under refrigeration until needed, up to 7 days.