Can i give you a specific oil to consider,
http://www.caltex.com.au/products_oil_detail.asp?id=23
Rule of thumb is if it is not an industry
recognised HDEO then it's nothing more than a passenger car oil with all the marketing to the public, cheap additives, cheap base stocks and the list goes on...there are a few rare exceptions.
Now you have the weight chosen just be sure to pick the oil with the highest/best specification as it will be worlds apart from what the manufacturer originally recommended for the engine and quite possibly still does.
Today the sulfur in diesel is so low it makes for potential large improvements in longevity if a high specification quality oil is chosen.
There are other hdeo monograde diesel engine oil out there that are worthy also, the valvoline ..forget about it.
I had a look at castrol and not knowing your volvo engine type I guessed one and Caltex came up with this...curiouselyit opted for a multigrade.
VOLVO PENTADiesel MD96B, TMD96B1
Crankcase
CASTROL SEAMAX SUPER PLUS
Castrol Seamax Super Plus is an SAE 15W-40 mineral based premium quality lubricant for use in turbocharged and naturally aspirated marine diesel engines. Castrol Seamax Super Plus is suitable for use in both European and U.S style diesel engines where a lubricant meeting API CI-4, ACEA E3/E5/B3 or VDS-3 is required.
Wouldn't touch it over a dello 400 though.
cheers fnq