Additional SQL Server features and topics not covered by specific categories
Failed to reserve pages: FAIL_PAGE_RESERVATION 128
You are facing OOM issue and primarily it seems due to low memory set for SQL Server. As Amelia has suggested you should increase the max server memory. SQL Server is even not able to reserve memory, forget about allocating.
Right now, 8 gb is allocated to SQL Server, and remaining is for OS.
This does not seems correct and this could be the reason for OOM error. You have 32 GB and giving just 8 GB to SQL Server will starve it for memory and you may see such issues.
If nothing else is running on the system set max server memory to 26 or 27 GB.