DOHA (Reuters) - OPEC will slash its forecast for 2009 oil demand by one million barrels per day in its monthly report due out later in March, the group’s secretary general told reporters on Monday.

All options were on the table when the group’s ministers meet to discuss oil supply on March 15, Abdullah al-Badri told reporters on the sidelines of an energy conference.

The oil price was “not really acceptable” to OPEC but was also not as bad as it could be given the state of the global economy, Badri said.

OPEC supply cuts since September last year had helped stabilize the price, he added.