In older literature, the scientific name of this species was often given as C. menisorrah. The blacktail reef shark (C. wheeleri), native to the western Indian Ocean, is now regarded as the same species as the grey reef shark by most authors. It was originally distinguished from the grey reef shark by a white tip on the first dorsal fin, a shorter snout, and one fewer upper tooth row on each side. Based on morphological characters, vertebral counts, and tooth shapes, Garrick (1982) concluded the grey reef shark is most closely related to the silvertip shark (C. albimarginatus). This interpretation was supported by a 1992 allozyme phylogenetic analysis by Lavery.
This species is taken by commercial and artisanal longline and gillnet fisheries throughout its range. It is valued for meat, leather, liver oil and fishmeal. The Caribbean reef shark is the most common shark landed in Colombia (accounting for 39% of the longline catch by occurrence), where it is utilized for its fins, oil and jaws (sold for ornamental purposes). In Belize, this species is mainly caught as bycatch on hook-and-line intended for groupers and snappers; the fins are sold to the lucrative Asian market and the meat sold in Belize, Mexico, and Guatemala to make "panades", a tortilla-like confection. A dedicated shark fishery operated in Belize from the mid-1900s to the early 1990s, until catches of all species saw dramatic declines. The flesh of this species may contain high levels of methylmercury and other heavy metals.
Blacktip reef sharks, Carcharhinus melanopterus (Quoy and Gaimard, 1824), are small sharks measuring up to 1.8 m with short, bluntly-rounded snouts, oval eyes, and narrow-cusped teeth. They have 2 dorsal fins and no interdorsal ridges. Juveniles (< 70 cm) are yellow-brown on their dorsal (upper) sides, white on their ventral (under) sides; adults are brownish-gray and white, respectively. All their fins have conspicuous black or dark brown tips, and posterior (rear) dark edges on their pectoral fins and their upper lobe of their caudal (tail) fins. The prominent black tips of their first dorsal fin contrasts with a light band below it; a conspicuous dark band on their flanks which extends to their pelvic fins. Maximum weight: 24 kg; frequents depth ranges from the surface to 75 m.
Ancient reefs buried within stratigraphic sections are of considerable interest to geologists because they provide paleo-environmental information about the location in Earth's history. In addition, reef structures within a sequence of sedimentary rocks provide a discontinuity which may serve as a trap or conduit for fossil fuels or mineralizing fluids to form petroleum or ore deposits.