I wasn't thinking of oil being bad, I was thinking of it being kept suspended in the engine starving the pump. If the oil was a bit low, at those engine speeds it's hard to say. There usually isn't that much in the pan when you are running. Maybe 2 or 3 quarts.
You may have a oil pump going bad too. But I am sure, since you are in there, you'll put a new one in.
Now you have a project in the diesel class.