Preheat the oven to 350F. Line a 9X5 loaf pan with parchment paper, leaving 1-2" excess along the longer sides of the pan.Heat water to very warm (about 100 F) in a heat proof container. Pour molasses into the water.
Using a whisk, spatula or electric mixer, whisk the orange zest and sugar together until the sugar somewhat resembles wet sand. Whisk together the sugar and oil until well combined. Whisk in the egg, vanilla and molasses.