Yes, oil the motor through the little opening you see. There is also another one of these openings at the opposite end of the motor. It sounds as though it is imperative that you do this immediately, so use whatever oil you have handy and do not be afraid to use too much. Any excess will drain out from below and make a mess - but you can always wipe that up. I hope that your motor is still okay because it appears that it has needed oil for a while now. Good luck!