> This ability to turn oil demand on and off, ostensibly at low economic cost, allows the world’s biggest oil importer to move prices just as the Organisation of the Petroleum Exporting Countries (opec) and its allies have long done through their control of half of global output.

This is not about production. You should read the article and not only the title.

Maybe you should accept 'greatest oil power' as fact?

It's this one publications opinion. At best.

And it's essentially unheard of.

does decreasing demand raise prices?