Reuters - Saudi Arabia is ready to meet oil consumers� demand by replacing supplies from Iran after the United States ends waivers granted to buyers of Iranian crude, Energy Minister Khalid al-Falih told Russian state news agency RIA in an interview.

Falih said that the global deal to coordinate oil production levels could be extended after June.

�We will look at (global oil) inventories - are they higher or lower than the normal level and we will adjust the production level accordingly. Based on what I see now ... I am eager to say that there will be some kind of agreement,� Falih told RIA. (Reporting by Katya Golubkova, editing by Louise Heavens)