sure, by capturing their oil fields, mines and power stations
But that is sometimes difficult on the world map since they have so many sources. If you caputre 10 power plants but they have 100 to start, you've only taken away a small amount of their ability to produce it. Also, they could have a massive surplus of power.
Watch the market for which products are never for sale, good chance those would be good industries to target. You could also use cruise missiles to take out the facilities but that takes time.